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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues      
Net premiums $ 9,248,871 $ 8,570,741 $ 8,669,854
Investment income, net of related expenses 1,911,886 1,734,495 1,713,691
Investment related gains (losses), net:      
Other-than-temporary impairments on fixed maturity securities (38,805) (57,380) (7,766)
Other-than-temporary impairments on fixed maturity securities transferred to other comprehensive income 74 0 0
Other investment related gains (losses), net 132,926 (107,370) 193,959
Total investment related gains (losses), net 94,195 (164,750) 186,193
Other revenues 266,559 277,692 334,456
Total revenues 11,521,511 10,418,178 10,904,194
Benefits and expenses      
Claims and other policy benefits 7,993,375 7,489,382 7,406,641
Interest credited 364,691 336,964 451,031
Policy acquisition costs and other insurance expenses 1,310,540 1,127,486 1,391,433
Other operating expenses 645,509 554,044 538,415
Interest expense 137,623 142,863 96,700
Collateral finance and securitization expense 25,827 22,644 11,441
Total benefits and expenses 10,477,565 9,673,383 9,895,661
Income before income taxes 1,043,946 744,795 1,008,533
Provision for income taxes 342,503 242,629 324,486
Net income $ 701,443 $ 502,166 $ 684,047
Earnings per share      
Basic earnings per share (in dollars per share) $ 10.91 $ 7.55 $ 9.88
Diluted earnings per share (in dollars per share) 10.79 7.46 9.78
Dividends declared per share $ 1.56 $ 1.40 $ 1.26