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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues      
Net premiums $ 8,570,741 $ 8,669,854 $ 8,254,027
Investment income, net of related expenses 1,734,495 1,713,691 1,699,865
Investment related gains (losses), net:      
Other-than-temporary impairments on fixed maturity securities (57,380) (7,766) (12,654)
Other-than-temporary impairments on fixed maturity securities transferred to (from) accumulated other comprehensive income 0 0 (247)
Other investment related gains (losses), net (107,370) 193,959 76,891
Total investment related gains (losses), net (164,750) 186,193 63,990
Other revenues 277,692 334,456 300,471
Total revenues 10,418,178 10,904,194 10,318,353
Benefits and expenses      
Claims and other policy benefits 7,489,382 7,406,641 7,304,332
Interest credited 336,964 451,031 476,514
Policy acquisition costs and other insurance expenses 1,127,486 1,391,433 1,300,780
Other operating expenses 554,044 538,415 466,717
Interest expense 142,863 96,700 124,307
Collateral finance and securitization expense 22,644 11,441 10,449
Total benefits and expenses 9,673,383 9,895,661 9,683,099
Income before income taxes 744,795 1,008,533 635,254
Provision for income taxes 242,629 324,486 216,417
Net income $ 502,166 $ 684,047 $ 418,837
Earnings per share      
Basic earnings per share (in dollars per share) $ 7.55 $ 9.88 $ 5.82
Diluted earnings per share (in dollars per share) 7.46 9.78 5.78
Dividends declared per share $ 1.40 $ 1.26 $ 1.08