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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Net premiums $ 2,809,641 $ 2,562,042 $ 8,311,240 $ 7,739,053
Investment income, net of related expenses 678,805 572,742 1,842,760 1,617,132
Investment related gains (losses), net:        
Other-than-temporary impairments on fixed maturity securities (8,539) (10,705) (17,992) (14,055)
Other investment related gains (losses), net 57,323 (9,312) 87,036 (17,004)
Total investment related gains (losses), net 48,784 (20,017) 69,044 (31,059)
Other revenues 90,335 112,764 291,960 272,020
Total revenues 3,627,565 3,227,531 10,515,004 9,597,146
Benefits and Expenses:        
Claims and other policy benefits 2,469,981 2,209,920 7,493,516 6,851,614
Interest credited 226,262 143,292 517,293 333,068
Policy acquisition costs and other insurance expenses 321,855 310,639 894,081 987,817
Other operating expenses 209,348 200,262 634,330 586,495
Interest expense 45,927 33,290 129,383 107,769
Collateral finance and securitization expense 7,102 7,467 22,670 22,509
Total benefits and expenses 3,280,475 2,904,870 9,691,273 8,889,272
Income before income taxes 347,090 322,661 823,731 707,874
Provision for income taxes 84,325 21,462 188,761 102,071
Net income $ 262,765 $ 301,199 $ 634,970 $ 605,803
Earnings per share:        
Basic earnings per share $ 4.19 $ 4.76 $ 10.13 $ 9.47
Diluted earnings per share $ 4.12 $ 4.68 $ 9.93 $ 9.30