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Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues    
Net earned premiums $ 1,415,238 $ 2,159,562
Fees and other income 357,690 279,562
Net investment income 135,707 152,273
Net realized gains on investments, excluding other-than-temporary impairment losses 162,366 [1] 6,525
Total other-than-temporary impairment losses (311) (3,208)
Portion of net (gain) loss recognized in other comprehensive income, before taxes (337) 638
Net other-than-temporary impairment losses recognized in earnings (648) (2,570)
Amortization of deferred gain on disposal of businesses 47,596 [2] 3,258
Gain on pension plan curtailment 29,578 0
Total revenues 2,147,527 2,598,610
Benefits, losses and expenses    
Policyholder benefits 543,816 1,210,727
Amortization of deferred acquisition costs and value of business acquired 334,342 369,003
Underwriting, general and administrative expenses 917,359 921,909
Interest expense 14,503 13,778
Total benefits, losses and expenses 1,810,020 2,515,417
Income before provision for income taxes 337,507 83,193
Provision for income taxes 117,189 33,149
Net income $ 220,318 $ 50,044
Earnings Per Share    
Basic (in dollars per share) $ 3.38 $ 0.72
Diluted (in dollars per share) 3.34 0.71
Dividends per share (in dollars per share) $ 0.5 $ 0.27
Share Data    
Weighted average shares outstanding used in basic per share calculations (in shares) 65,086,935 69,770,224
Plus: Dilutive securities (in shares) 833,611 987,325
Weighted average shares used in diluted per share calculations (in shares) 65,920,546 70,757,549
[1] (a)2016 includes $146,727 related to the sale of Assurant Employee Benefits mainly through reinsurance transactions.
[2] Includes $44,593 related to the additional deferred gain related to the Assurant Employee Benefits sale on March 1, 2016.