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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues:        
Net premiums $ 2,089,345 $ 2,168,285 $ 6,242,240 $ 6,452,082
Investment income, net of related expenses 389,597 447,106 1,267,027 1,262,088
Investment related gains (losses), net:        
Other-than-temporary impairments on fixed maturity securities (23,111) (246) (29,775) (1,419)
Other investment related gains (losses), net (88,235) 22,564 (90,166) 226,835
Total investment related gains (losses), net (111,346) 22,318 (119,941) 225,416
Other revenues 71,038 78,879 200,261 267,195
Total revenues 2,438,634 2,716,588 7,589,587 8,206,781
Benefits and Expenses:        
Claims and other policy benefits 1,831,819 1,855,037 5,473,453 5,540,599
Interest credited 34,008 120,952 231,932 347,508
Policy acquisition costs and other insurance expenses 249,702 336,411 827,157 1,100,658
Other operating expenses 142,270 133,737 395,488 372,135
Interest expense 35,565 36,065 107,043 106,360
Collateral finance and securitization expense 5,133 2,571 16,462 7,731
Total benefits and expenses 2,298,497 2,484,773 7,051,535 7,474,991
Income before income taxes 140,137 231,815 538,052 731,790
Provision for income taxes 56,603 73,819 199,013 238,834
Net income $ 83,534 $ 157,996 $ 339,039 $ 492,956
Earnings per share:        
Basic earnings per share $ 1.26 $ 2.30 $ 5.07 $ 7.10
Diluted earnings per share 1.25 2.28 5.01 7.03
Dividends declared per share $ 0.37 $ 0.33 $ 1.03 $ 0.93