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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue:        
Total premium $ 860,750 $ 819,217 $ 2,564,835 $ 2,456,462
Net investment income 221,627 213,872 658,279 634,930
Realized investment gains (losses) 1,032 12,595 14,796 6,142
Other income 393 331 1,104 1,140
Total revenue 1,083,802 1,046,015 3,239,014 3,098,674
Benefits and expenses:        
Life policyholder benefits 396,701 386,445 1,196,616 1,168,383
Health policyholder benefits 162,574 155,774 483,654 470,104
Other policyholder benefits 8,581 9,000 25,852 26,923
Total policyholder benefits 567,856 551,219 1,706,122 1,665,410
Amortization of deferred acquisition costs 129,492 122,334 388,189 370,363
Commissions, premium taxes, and non-deferred acquisition costs 69,632 67,863 208,698 198,011
Other operating expense 74,059 63,019 209,503 187,788
Interest expense 22,433 20,970 66,466 62,825
Total benefits and expenses 863,472 825,405 2,578,978 2,484,397
Income before income taxes 220,330 220,610 660,036 614,277
Income taxes (41,630) (67,264) (123,232) (183,390)
Income from continuing operations 178,700 153,346 536,804 430,887
Income (loss) from discontinued operations, net of tax 24 (12) (55) (3,739)
Net income $ 178,724 $ 153,334 $ 536,749 $ 427,148
Basic net income (loss) per common share:        
Continuing operations (in dollars per share) $ 1.59 $ 1.32 $ 4.74 $ 3.69
Discontinued operations (in dollars per share) 0.00 0.00 (0.01) (0.03)
Total basic net income per common share (in dollars per share) 1.59 1.32 4.73 3.66
Diluted net income (loss) per common share:        
Continuing operations (in dollars per share) 1.55 1.29 4.64 3.61
Discontinued operations (in dollars per share) 0.00 0.00 0.00 (0.03)
Total diluted net income per common share (in dollars per share) 1.55 1.29 4.64 3.58
Dividends declared per common share (in dollars per share) $ 0.16 $ 0.15 $ 0.48 $ 0.45
Life premium [Member]        
Revenue:        
Total premium $ 605,547 $ 576,223 $ 1,806,384 $ 1,725,896
Health premium [Member]        
Revenue:        
Total premium 255,201 242,991 758,439 730,557
Other premium [Member]        
Revenue:        
Total premium $ 2 $ 3 $ 12 $ 9