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Selected Quarterly Data (Unaudited)
12 Months Ended
Dec. 31, 2012
Selected Quarterly Data (Unaudited)

The following is a summary of quarterly results for the two years ended December 31, 2012. The information is unaudited but includes all adjustments (consisting of normal accruals) which management considers necessary for a fair presentation of the results of operations for these periods.

 

     Three Months Ended  
         March 31,             June 30,          September 30,      December 31,  

2012:

                          

Premium and policy charges

   $ 718,475      $ 705,582       $ 699,860       $ 732,545   

Net investment income

     174,121        175,176         169,400         174,947   

Realized investment gains(losses)

     5,006        4,661         7,283         20,883   

Total revenues

     897,923        885,795         877,100         928,698   

Policy benefits

     512,647        484,807         479,119         479,109   

Amortization of acquisition expenses

     96,498        96,601         94,016         98,052   

Pretax income from continuing operations

     170,235        186,380         188,791         220,587   

Income from continuing operations

     118,677        128,988         130,672         150,987   

Income from discontinued operations

     0        0         0         0   

Net income

     118,677        128,988         130,672         150,987   

Basic net income per common share*

          

Continuing operations

     1.19        1.33         1.37         1.60   

Discontinued operations

     0.00        0.00         0.00         0.00   

Total basic net income per share

     1.19        1.33         1.37         1.60   

Diluted net income per common share*

          

Continuing operations

     1.17        1.32         1.36         1.58   

Discontinued operations

     0.00        0.00         0.00         0.00   

Total diluted net income per share

     1.17        1.32         1.36         1.58   

2011:

                          

Premium and policy charges

   $ 679,901      $ 672,350       $ 650,525       $ 653,542   

Net investment income

     171,647        173,104         173,491         174,786   

Realized investment gains(losses)

     (22,723     31,272         12,600         4,755   

Total revenues

     829,272        877,334         837,241         833,554   

Policy benefits

     464,127        454,694         438,774         435,681   

Amortization of acquisition expenses

     92,463        91,664         89,899         90,557   

Pretax Income from continuing operations

     147,517        209,052         190,123         177,090   

Income from continuing operations

     100,740        142,781         131,256         122,839   

Income from discontinued operations

     (599     0         144         0   

Net income

     100,141        142,781         131,400         122,839   

Basic net income per common share*

          

Continuing operations

     .87        1.29         1.25         1.21   

Discontinued operations

     (0.01     0.00         0.00         0.00   

Total basic net income per share

     .86        1.29         1.25         1.21   

Diluted net income per common share*

          

Continuing operations

     .85        1.27         1.25         1.20   

Discontinued operations

     (0.01     0.00         0.00         0.00   

Total diluted net income per share

     .84        1.27         1.25         1.20   

 

*   Basic and diluted net income per share by quarter may not add to per share income on a year-to-date basis due to share weighting and rounding.