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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Net premiums $ 2,251,758 $ 2,089,345 $ 6,755,708 $ 6,242,240
Investment income, net of related expenses 489,727 389,597 1,414,659 1,267,027
Investment related gains (losses), net:        
Other-than-temporary impairments on fixed maturity securities 0 (23,111) (34,663) (29,775)
Other investment related gains (losses), net 86,624 (88,235) 118,665 (90,166)
Total investment related gains (losses), net 86,624 (111,346) 84,002 (119,941)
Other revenues 72,468 71,038 197,844 200,261
Total revenues 2,900,577 2,438,634 8,452,213 7,589,587
Benefits and Expenses:        
Claims and other policy benefits 1,993,064 1,831,819 5,877,330 5,473,453
Interest credited 116,848 34,008 300,602 231,932
Policy acquisition costs and other insurance expenses 300,962 249,702 940,406 827,157
Other operating expenses 152,556 142,270 469,875 395,488
Interest expense 43,063 35,565 96,201 107,043
Collateral finance and securitization expense 6,484 5,133 19,396 16,462
Total benefits and expenses 2,612,977 2,298,497 7,703,810 7,051,535
Income before income taxes 287,600 140,137 748,403 538,052
Provision for income taxes 88,881 56,603 237,109 199,013
Net income $ 198,719 $ 83,534 $ 511,294 $ 339,039
Earnings per share:        
Basic earnings per share $ 3.10 $ 1.26 $ 7.95 $ 5.07
Diluted earnings per share 3.07 1.25 7.87 5.01
Dividends declared per share $ 0.41 $ 0.37 $ 1.15 $ 1.03