XML 67 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements Of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues        
Direct premiums and escrow fees $ 564,396 $ 573,116 $ 1,529,391 $ 1,644,172
Agent premiums 496,887 549,052 1,341,020 1,530,247
Information and other 161,227 159,775 464,572 483,430
Investment income 22,828 26,001 64,254 71,544
Net realized investment gains (losses) 14,392 (6,966) 24,294 6,812
Net other-than-temporary impairment (“OTTI”) losses recognized in earnings:        
Net OTTI losses recognized in earnings     (1,033)  
Total revenues 1,259,730 1,300,978 3,422,498 3,736,205
Expenses        
Personnel costs 365,304 377,872 1,045,955 1,087,139
Premiums retained by agents 395,324 440,453 1,070,260 1,224,020
Other operating expenses 219,536 222,297 622,024 660,408
Provision for policy losses and other claims 119,390 114,952 337,739 429,744
Depreciation and amortization 24,127 18,554 63,879 55,141
Premium taxes 15,427 15,771 41,971 42,683
Interest 4,670 4,034 13,007 11,209
Total expenses 1,143,778 1,193,933 3,194,835 3,510,344
Income before income taxes 115,952 107,045 227,663 225,861
Income taxes 35,015 42,950 74,186 90,586
Net income 80,937 64,095 153,477 135,275
Less: Net income attributable to noncontrolling interests 232 205 454 535
Net income attributable to the Company 80,705 63,890 153,023 134,740
Net income per share attributable to the Company’s stockholders (Note 10):        
Basic $ 0.75 $ 0.60 $ 1.43 $ 1.25
Diluted $ 0.74 $ 0.59 $ 1.41 $ 1.23
Cash dividends declared per share $ 0.24 $ 0.12 $ 0.60 $ 0.36
Weighted-average common shares outstanding (Note 10):        
Basic 107,136 106,437 106,727 107,400
Diluted 108,863 108,437 108,546 109,490
Debt Securities
       
Net other-than-temporary impairment (“OTTI”) losses recognized in earnings:        
Total OTTI losses on debt securities     (167)  
Portion of OTTI losses on debt securities recognized in other comprehensive loss     $ (866)