XML 18 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Operations (unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues        
Net earned premiums $ 1,338.3 $ 1,115.3 $ 2,463.2 $ 2,165.6
Fees and other income 354.2 326.9 718.7 667.1
Net investment income 135.6 121.7 265.8 242.3
Net realized (losses) gains on investments, excluding other-than-temporary impairment losses   13.3   17.1
Net realized (losses) gains on investments, excluding other-than-temporary impairment losses (11.4)   (10.9)  
Other-than-temporary impairment losses recognized in earnings 0.0 (0.1) 0.0 (0.5)
Amortization of deferred gains on disposal of businesses 15.0 23.4 33.5 60.4
Total revenues 1,831.7 1,600.5 3,470.3 3,152.0
Benefits, losses and expenses        
Policyholder benefits 490.6 416.4 905.2 774.4
Amortization of deferred acquisition costs and value of business acquired 463.2 346.7 809.6 661.2
Underwriting, general and administrative expenses 773.6 646.3 1,493.2 1,297.6
Interest expense 26.0 12.4 47.5 25.0
Total benefits, losses and expenses 1,753.4 1,421.8 3,255.5 2,758.2
Income before provision for income taxes 78.3 178.7 214.8 393.8
Provision for income taxes 11.3 58.5 41.8 129.8
Net income 67.0 120.2 173.0 264.0
Less: Preferred stock dividends (4.8) 0.0 (4.8) 0.0
Net income attributable to common stockholders $ 62.2 $ 120.2 $ 168.2 $ 264.0
Earnings Per Share        
Basic (in dollars per share) $ 1.09 $ 2.18 $ 3.05 $ 4.74
Diluted (in dollars per share) 1.09 2.16 3.02 4.71
Dividends per share of common stock (in dollars per share) 0.56 0.53 1.12 1.06
Dividends per share of preferred stock (in dollars per share) $ 1.68 $ 0 $ 1.68 $ 0
Share Data        
Weighted average shares outstanding used in basic per share calculations (in shares) 57,060,313 55,230,367 55,125,584 55,713,172
Plus: Dilutive securities (in shares) 204,095 279,531 2,147,844 361,980
Weighted average shares used in diluted earnings per share calculations (in shares) 57,264,408 55,509,898 57,273,428 56,075,152