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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, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues        
Insurance premiums and contract charges earned $ 166,335 $ 166,345 $ 331,839 $ 333,031
Net investment income 76,334 71,689 152,009 142,158
Net realized investment gains 9,905 5,796 10,298 11,553
Other income 1,652 1,521 4,703 3,082
Total revenues 254,226 245,351 498,849 489,824
Benefits, losses and expenses        
Benefits, claims and settlement expenses 130,984 163,809 238,862 274,410
Interest credited 40,454 38,273 80,433 75,699
Policy acquisition expenses amortized 22,302 20,560 40,132 39,727
Operating expenses 38,577 35,986 76,427 72,975
Interest expense 3,554 3,477 7,110 6,954
Total benefits, losses and expenses 235,871 262,105 442,964 469,765
Income (loss) before income taxes 18,355 (16,754) 55,885 20,059
Income tax expense (benefit) 5,252 (4,903) 16,111 6,103
Net income (loss) 13,103 (11,851) 39,774 13,956
Net income (loss) per share        
Basic $ 0.33 $ (0.30) $ 1.00 $ 0.35
Diluted $ 0.32 $ (0.30) $ 0.96 $ 0.34
Weighted average number of shares and equivalent shares (in thousands)        
Basic 39,544 39,893 39,669 39,822
Diluted 41,304 39,893 41,414 41,446
Net realized investment gains        
Total other-than-temporary impairment losses on securities 0   0  
Portion of losses recognized in other comprehensive income 0   0  
Net other-than-temporary impairment losses on securities recognized in earnings 0   0  
Net realized gains 9,905 5,796 10,298 11,553
Total $ 9,905 $ 5,796 $ 10,298 $ 11,553