XML 15 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues        
Direct premiums and escrow fees $ 651,104 $ 649,726 $ 1,819,193 $ 1,775,615
Agent premiums 629,186 625,953 1,757,796 1,653,990
Information and other 201,819 188,727 586,179 526,575
Net investment income 44,460 34,422 117,109 92,717
Net realized investment (losses) gains (7,001) 9,516 10,763 22,692
Total revenues 1,519,568 1,508,344 4,291,040 4,071,589
Expenses        
Personnel costs 599,380 438,692 1,458,928 1,239,129
Premiums retained by agents 497,911 495,130 1,387,608 1,303,838
Other operating expenses 218,959 219,959 649,182 622,995
Provision for policy losses and other claims 120,349 137,015 333,695 366,473
Depreciation and amortization 36,000 24,491 96,292 70,905
Premium taxes 19,900 18,288 52,527 48,692
Interest 9,107 7,838 26,812 23,427
Total expenses 1,501,606 1,341,413 4,005,044 3,675,459
Income before income taxes 17,962 166,931 285,996 396,130
Income tax (benefit) expense (3,224) 59,539 84,846 133,615
Net income 21,186 107,392 201,150 262,515
Less: Net (loss) income attributable to noncontrolling interests (197) 72 (772) 545
Net income attributable to the Company $ 21,383 $ 107,320 $ 201,922 $ 261,970
Net income per share attributable to the Company's stockholders (Note 8):        
Basic $ 0.19 $ 0.97 $ 1.81 $ 2.37
Diluted 0.19 0.96 1.80 2.36
Cash dividends declared per share $ 0.38 $ 0.34 $ 1.06 $ 0.86
Weighted-average common shares outstanding (Note 8):        
Basic 111,799 110,571 111,578 110,423
Diluted 112,575 111,251 112,254 111,006