XML 40 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenue:        
Life premium $ 453,699 $ 429,927 [1] $ 1,356,527 $ 1,294,157 [1]
Health premium 246,000 220,458 [1] 766,950 708,181 [1]
Other premium 161 140 [1] 440 438 [1]
Total premium 699,860 650,525 [1] 2,123,917 2,002,776 [1],[2]
Net investment income 169,400 173,491 [1] 518,697 518,242 [1],[2]
Realized investment gains (losses) 7,283 12,600 [1] 16,950 21,149 [1],[2]
Other income 557 625 [1] 1,254 1,680 [1],[2]
Total revenue 877,100 837,241 [1] 2,660,818 2,543,847 [1]
Benefits and expenses:        
Life policyholder benefits 295,845 280,172 [1] 879,317 836,358 [1]
Health policyholder benefits 172,130 147,910 [1] 564,259 489,603 [1]
Other policyholder benefits 11,144 10,692 [1] 32,997 31,634 [1]
Total policyholder benefits 479,119 438,774 [1] 1,476,573 1,357,595 [1],[2]
Amortization of deferred acquisition costs 94,016 89,899 [1] 287,115 274,026 [1],[2],[3]
Commissions, premium taxes, and non-deferred acquisition costs 46,898 53,667 [1] 148,254 165,184 [1],[2]
Other operating expense 48,433 45,268 [1] 144,307 141,969 [1]
Interest expense 19,843 19,510 [1] 59,163 58,381 [1],[2]
Total benefits and expenses 688,309 647,118 [1] 2,115,412 1,997,155 [1],[2]
Income from continuing operations before income taxes 188,791 190,123 [1] 545,406 546,692 [1],[2]
Income taxes (58,119) (58,867) [1] (167,069) (171,915) [1]
Income from continuing operations 130,672 131,256 [1] 378,337 374,777 [1]
Loss on disposal of discontinued operations, net of tax 0 144 [1] 0 (455) [1],[2]
Net income $ 130,672 $ 131,400 [1] $ 378,337 $ 374,322 [1],[2]
Basic net income per share:        
Continuing operations $ 1.37 $ 1.25 [1] $ 3.89 $ 3.39 [1]
Discontinued operations $ 0.00 $ 0.00 [1] $ 0.00 $ (0.01) [1]
Total basic net income per share $ 1.37 $ 1.25 [1] $ 3.89 $ 3.38 [1]
Diluted net income per share:        
Continuing operations $ 1.36 $ 1.25 [1] $ 3.84 $ 3.34 [1]
Discontinued operations $ 0.00 $ 0.00 [1] $ 0.00 $ (0.01) [1]
Total diluted net income per share $ 1.36 $ 1.25 [1] $ 3.84 $ 3.33 [1]
Dividends declared per common share $ 0.15 $ 0.12 [1] $ 0.45 $ 0.34 [1]
[1] The 2011 balances have been retrospectively adjusted to give effect to the adoption of new accounting guidance as described in Note F-Adoption of New Accounting Standard.
[2] The 2011 balances have been retroactively adjusted to give effect to the adoption of new accounting guidance as described in Note F-Adoption of New Accounting Standard.
[3] The 2011 balances have been retroactively adjusted to give effect to the adoption of the new accounting guidance.