XML 21 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements Of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues      
Net earned premiums $ 8,350,997 $ 8,632,142 $ 7,759,796
Net investment income 626,217 656,429 650,296
Net realized gains on investments, excluding other-than-temporary impairment losses 36,850 60,813 38,912
Total other-than-temporary impairment losses (7,212) (69) (4,516)
Portion of net loss recognized in other comprehensive income, before taxes 2,188 39 129
Net other-than-temporary impairment losses recognized in earnings (5,024) (30) (4,387)
Amortization of deferred gain on disposal of businesses 12,988 (1,506) 16,310
Fees and other income 1,303,466 1,033,805 586,730
Total revenues 10,325,494 10,381,653 9,047,657
Benefits, losses and expenses      
Policyholder benefits 4,742,535 4,405,333 3,675,532
Amortization of deferred acquisition costs and value of business acquired 1,402,573 1,485,558 1,470,287
Underwriting, general and administrative expenses 3,924,089 3,688,230 3,034,404
Interest expense 55,116 58,395 77,735
Total benefits, losses and expenses 10,124,313 9,637,516 8,257,958
Income before benefit for income taxes 201,181 744,137 789,699
Provision for income taxes 59,626 273,230 300,792
Net income $ 141,555 $ 470,907 $ 488,907
Earnings Per Share      
Basic (in dollars per share) $ 2.08 $ 6.52 $ 6.38
Diluted (in dollars per share) 2.05 6.44 6.30
Dividends per share (in dollars per share) $ 1.37 $ 1.06 $ 0.96
Share Data      
Weighted average shares outstanding used in basic per share calculations (in shares) 68,163,825 72,181,447 76,648,688
Plus: Dilutive securities (in shares) 853,384 970,563 1,006,076
Weighted average shares used in diluted per share calculations (in shares) 69,017,209 73,152,010 77,654,764