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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
[1]
Revenue:        
Life premium $ 520,038 $ 491,952 [1] $ 1,033,380 $ 981,010
Health premium 315,492 307,791 [1] 632,257 637,654
Other premium 37 123 [1] 78 222
Total premium 835,567 799,866 [1] 1,665,715 1,618,886
Net investment income 194,823 189,930 [1] 386,419 377,981
Realized investment gains 2,613 577 [1] 2,732 17,196
Other income 691 663 [1] 1,360 1,144
Total revenue 1,033,694 991,036 [1] 2,056,226 2,015,207
Benefits and expenses:        
Life policyholder benefits 347,364 324,192 [1] 687,065 644,368
Health policyholder benefits 235,175 220,554 [1] 477,326 476,272
Other policyholder benefits 9,754 10,461 [1] 19,799 21,084
Total policyholder benefits 592,293 555,207 [1] 1,184,190 1,141,724
Amortization of deferred acquisition costs 112,904 104,561 [1] 224,167 209,294
Commissions, premium taxes, and non-deferred acquisition costs 64,018 62,020 [1] 127,286 121,398
Other operating expense 56,977 56,400 [1] 113,589 113,356
Interest expense 19,114 19,037 [1] 38,174 38,086
Total benefits and expenses 845,306 797,225 [1] 1,687,406 1,623,858
Income before income taxes 188,388 193,811 [1] 368,820 391,349
Income taxes (61,278) (62,888) [1] (120,062) (127,570)
Net income $ 127,110 $ 130,923 $ 248,758 $ 263,779
Basic net income per share $ 1.01 $ 1.00 [1] $ 1.97 $ 1.99
Diluted net income per share 1.00 0.98 [1] 1.94 1.97
Dividends declared per common share $ 0.14 $ 0.13 [1] $ 0.27 $ 0.25
[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