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Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenue:      
Life premium $ 1,726,244 $ 1,663,699 $ 1,591,853
Health premium 929,466 987,421 1,017,711
Other premium 608 638 541
Total premium 2,656,318 2,651,758 2,610,105
Net investment income 693,028 676,364 632,540
Realized investment gains (losses) 25,924 42,190 13,879
Other-than-temporary impairments (20) (4,850) (164,137)
Portion of impairment loss recognized in other comprehensive income 0 0 20,766
Other income 2,151 2,170 1,920
Total revenue 3,377,401 3,367,632 3,115,073
Benefits and expenses:      
Life policyholder benefits 1,118,909 1,082,423 1,040,248
Health policyholder benefits 631,820 669,191 677,319
Other policyholder benefits 42,547 41,430 35,762
Total policyholder benefits 1,793,276 1,793,044 1,753,329
Amortization of deferred acquisition costs 364,583 362,390 355,986
Commissions, premium taxes, and non-deferred acquisition expenses 216,216 [1] 209,827 [1] 222,126 [1]
Other operating expense 201,636 176,272 170,130
Interest expense 77,908 75,529 69,932
Total benefits and expenses 2,653,619 2,617,062 2,571,503
Income from continuing operations before income taxes 723,782 750,570 543,570
Income taxes (226,166) (246,475) (179,297)
Income from continuing operations 497,616 504,095 364,273
Discontinued operations:      
Income from discontinued operations, net of tax 0 29,784 18,901
Loss on disposal, net of tax benefit of $467 in 2011 and $2,868 in 2010 (455) (35,013) [2] 0
Income (loss) from discontinued operations (455) (5,229) 18,901
Net income $ 497,161 $ 498,866 [2] $ 383,174
Basic net income per share:      
Continuing operations $ 4.60 [3] $ 4.13 [3] $ 2.93 [3]
Discontinued operations $ (0.01) [3] $ (0.04) [3] $ 0.15 [3]
Total basic net income per share $ 4.59 [3] $ 4.09 [3] $ 3.08 [3]
Diluted net income per share:      
Continuing operations $ 4.53 [3] $ 4.09 [3] $ 2.93 [3]
Discontinued operations $ 0.00 [3] $ (0.04) [3] $ 0.15 [3]
Total diluted net income per share $ 4.53 [3] $ 4.05 [3] $ 3.08 [3]
Dividends declared per common share $ 0.46 [3] $ 0.41 [3] $ 0.38 [3]
[1] Adoption resulted in the addition of non-deferred acquisition expenses of $92 million, $84 million, and $94 million in 2011, 2010, and 2009, respectively.
[2] During 2011, management changed the definition of total segment profits before tax to exclude the amortization of low-income housing interests, which management views as a tax expense. Accordingly, the 2010 total segment profits before tax and applicable tax amount have been updated for comparison purposes.
[3] Per share amounts have been retroactively adjusted for stock split described in Note 1.