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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues        
Insurance premiums and contract charges earned $ 179,138 $ 171,561 $ 354,541 $ 340,719
Net investment income 81,405 77,361 164,449 154,764
Net realized investment gains 3,463 15,417 5,162 22,279
Other income 737 1,298 1,856 2,406
Total revenues 264,743 265,637 526,008 520,168
Benefits, losses and expenses        
Benefits, claims and settlement expenses 127,158 120,765 239,146 233,464
Interest credited 43,730 42,098 86,817 83,506
Policy acquisition expenses amortized 22,517 23,000 45,550 43,074
Operating expenses 39,211 39,014 79,158 77,832
Interest expense 3,546 3,549 7,092 7,103
Total benefits, losses and expenses 236,162 228,426 457,763 444,979
Income before income taxes 28,581 37,211 68,245 75,189
Income tax expense 8,129 11,216 19,427 22,182
Net income 20,452 25,995 48,818 53,007
Net income per share        
Basic $ 0.49 $ 0.65 $ 1.18 $ 1.34
Diluted $ 0.48 $ 0.63 $ 1.16 $ 1.29
Weighted average number of shares and equivalent shares (in thousands)        
Basic 41,432 39,768 41,343 39,648
Diluted 42,310 41,395 42,213 41,219
Net realized investment gains        
Total other-than-temporary impairment losses on securities (452) (963) (452) (963)
Portion of losses recognized in other comprehensive income 0 0 0 0
Net other-than-temporary impairment losses on securities recognized in earnings (452) (963) (452) (963)
Realized gains, net 3,915 16,380 5,614 23,242
Total $ 3,463 $ 15,417 $ 5,162 $ 22,279