Selected Quarterly Data (Unaudited)

12 Months Ended

Dec. 31, 2013

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Data (Unaudited)

Note 16—Selected Quarterly Data (Unaudited)

The following is a summary of quarterly results for the two years ended December 31, 2013. 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,
2013:
Premium and policy charges	$	784,814		$	765,851	$	750,998	$	750,611
Net investment income		176,839			177,964		176,656		178,284
Realized investment gains(losses)		(3,907	)		5,913		4,459		1,525
Total revenues		958,216			950,339		932,789		930,594
Policy benefits		552,003			524,499		516,783		495,561
Amortization of acquisition expenses		101,714			102,488		98,444		100,743
Pretax income		173,063			192,784		190,850		206,429
Net income		119,632			133,901		132,122		142,817
Basic net income per common share*		1.28			1.45		1.45		1.59
Diluted net income per common share*		1.27			1.44		1.43		1.56
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		170,235			186,380		188,791		220,587
Net income		118,677			128,988		130,672		150,987
Basic net income per common share*		1.19			1.33		1.37		1.60
Diluted net income per common share*		1.17			1.32		1.36		1.58

* 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.