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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenue:        
Life premium $ 573,836 $ 548,590 $ 1,149,673 $ 1,092,741
Health premium 242,775 237,252 487,566 472,949
Other premium 3 13 6 25
Total premium 816,614 785,855 1,637,245 1,565,715
Net investment income 212,776 201,642 421,058 398,695
Realized investment gains (losses) (705) 4,005 (6,453) 4,298
Other income 393 382 809 803
Total revenue 1,029,078 991,884 2,052,659 1,969,511
Benefits and expenses:        
Life policyholder benefits 390,859 369,342 781,938 732,202
Health policyholder benefits 156,579 153,261 314,330 306,036
Other policyholder benefits 8,977 8,882 17,923 18,220
Total policyholder benefits 556,415 531,485 1,114,191 1,056,458
Amortization of deferred acquisition costs 122,121 117,245 248,029 236,051
Commissions, premium taxes, and non-deferred acquisition costs 65,032 62,854 130,148 124,456
Other operating expense 62,428 57,846 124,769 115,275
Interest expense 21,156 23,110 41,855 42,479
Total benefits and expenses 827,152 792,540 1,658,992 1,574,719
Income before income taxes 201,926 199,344 393,667 394,792
Income taxes (61,563) (60,050) (116,126) (121,924)
Income from continuing operations 140,363 139,294 277,541 272,868
Income (loss) from discontinued operations, net of tax (90) (865) (3,727) (10,406)
Net income $ 140,273 $ 138,429 $ 273,814 $ 262,462
Basic net income (loss) per common share:        
Continuing operations (in dollars per share) $ 1.20 $ 1.16 $ 2.37 $ 2.26
Discontinued operations (in dollars per share) 0.00 (0.01) (0.03) (0.09)
Total basic net income per common share (in dollars per share) 1.20 1.15 2.34 2.17
Diluted net income (loss) per common share:        
Continuing operations (in dollars per share) 1.18 1.13 2.32 2.22
Discontinued operations (in dollars per share) 0.00 0.00 (0.03) (0.09)
Total diluted net income per common share (in dollars per share) 1.18 1.13 2.29 2.13
Dividends declared per common share (in dollars per share) $ 0.15 $ 0.14 $ 0.3 $ 0.28