XML 56 R38.htm IDEA: XBRL DOCUMENT v3.2.0.727
Business Segments - Reconciliation of Segment Operating Information to Consolidated Statement of Operations (Detail) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenue:        
Premium $ 835,567 $ 799,866 [1] $ 1,665,715 $ 1,618,886 [1]
Net investment income 194,823 189,930 [1] 386,419 377,981 [1]
Other income 691 663 [1] 1,360 1,144 [1]
Total revenue     2,053,494 1,998,011
Expenses:        
Policy benefits 592,293 555,207 [1] 1,184,190 1,141,724 [1]
Policy reserves     0 0
Deferred acquisition costs     0 0
Amortization of acquisition costs 112,904 104,561 [1] 224,167 209,294 [1]
Commissions, premium taxes, and non-deferred acquisition costs 64,018 62,020 [1] 127,286 121,398 [1]
Insurance administrative expense     94,063 91,910
Parent expense     4,485 4,045
Stock compensation expense     15,041 17,401
Interest expense 19,114 19,037 [1] 38,174 38,086 [1]
Total benefits and expenses 845,306 797,225 [1] 1,687,406 1,623,858 [1]
Subtotal     366,088 374,153
Nonoperating items     30,865 31,162
Measure of segment profitability (pretax)     396,953 405,315
Deduct applicable income taxes     (129,909) (132,458)
Net operating income     267,044 272,857
Add (deduct) realized investment gains (losses)     2,732 17,196
Deduct Part D adjustment     (30,865) (25,768)
Deduct legal settlement expenses       (2,337)
Deduct administrative settlements   (3,100)   (3,057)
Income before income taxes $ 188,388 $ 193,811 [1] 368,820 391,349 [1]
Operating Segments [Member] | Life Insurance [Member]        
Revenue:        
Premium     1,033,380 981,010
Total revenue     1,033,380 981,010
Expenses:        
Policy benefits     687,065 641,311
Policy reserves     (273,615) (262,328)
Deferred acquisition costs     85,985 83,633
Amortization of acquisition costs     177,265 167,991
Commissions, premium taxes, and non-deferred acquisition costs     75,900 69,068
Total benefits and expenses     752,600 699,675
Subtotal     280,780 281,335
Measure of segment profitability (pretax)     280,780 281,335
Operating Segments [Member] | Health Insurance [Member]        
Revenue:        
Premium     461,082 434,533
Total revenue     461,082 434,533
Expenses:        
Policy benefits     299,227 280,140
Policy reserves     (34,034) (31,758)
Deferred acquisition costs     11,358 11,223
Amortization of acquisition costs     40,924 36,072
Commissions, premium taxes, and non-deferred acquisition costs     40,418 39,611
Total benefits and expenses     357,893 335,288
Subtotal     103,189 99,245
Measure of segment profitability (pretax)     103,189 99,245
Operating Segments [Member] | Medicare Part D [Member]        
Revenue:        
Premium     154,705 167,990
Total revenue     154,705 167,990
Expenses:        
Policy benefits     $ 130,764 $ 135,233
Policy reserves        
Deferred acquisition costs     $ 446 $ 354
Amortization of acquisition costs     1,769 1,377
Commissions, premium taxes, and non-deferred acquisition costs     11,049 12,815
Total benefits and expenses     144,028 149,779
Subtotal     10,677 18,211
Measure of segment profitability (pretax)     10,677 18,211
Operating Segments [Member] | Annuity [Member]        
Revenue:        
Premium     78 222
Total revenue     78 222
Expenses:        
Policy benefits     19,799 21,084
Policy reserves     (26,756) (27,616)
Deferred acquisition costs     607 764
Amortization of acquisition costs     4,209 3,854
Commissions, premium taxes, and non-deferred acquisition costs     23 26
Total benefits and expenses     (2,118) (1,888)
Subtotal     2,196 2,110
Measure of segment profitability (pretax)     2,196 2,110
Operating Segments [Member] | Investment [Member]        
Revenue:        
Net investment income     386,419 377,981
Total revenue     386,419 377,981
Expenses:        
Policy reserves     334,405 321,702
Deferred acquisition costs     (98,396) (95,974)
Interest expense     38,174 38,086
Total benefits and expenses     274,183 263,814
Subtotal     112,236 114,167
Measure of segment profitability (pretax)     112,236 114,167
Operating Segments [Member] | Other and Corporate [Member]        
Revenue:        
Other income     1,464 1,266
Total revenue     1,464 1,266
Expenses:        
Insurance administrative expense     94,063 89,573
Parent expense     4,485 4,045
Stock compensation expense     15,041 17,401
Total benefits and expenses     113,589 111,019
Subtotal     (112,125) (109,753)
Measure of segment profitability (pretax)     (112,125) (109,753)
Adjustments [Member]        
Revenue:        
Premium     $ 16,470 $ 35,131
Net investment income        
Other income     $ (104) $ (122)
Total revenue     16,366 35,009
Expenses:        
Policy benefits       $ 63,956
Amortization of acquisition costs        
Commissions, premium taxes, and non-deferred acquisition costs     $ (104) $ (122)
Insurance administrative expense       $ 2,337
Parent expense        
Total benefits and expenses     $ 47,231 $ 66,171
Subtotal     (30,865) (31,162)
Nonoperating items     30,865 31,162
Measure of segment profitability (pretax)     0 0
Adjustments [Member] | Medicare Part D [Member]        
Revenue:        
Premium     16,470 35,131
Expenses:        
Policy benefits     47,335 60,899
Deduct Part D adjustment     $ (30,865) $ (25,768)
[1] Certain balances were retrospectively adjusted to give effect to the adoption of new accounting guidance as described in Note G- Adoption of New Accounting Standards