XML 70 R4.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues        
Direct premiums and escrow fees $ 728,610 $ 649,375 $ 1,910,830 $ 1,854,835
Agent premiums 656,154 615,113 1,701,538 1,701,831
Information and other 208,297 198,680 581,858 596,090
Net investment income 76,628 67,874 236,607 167,000
Net realized investment gains 1,507 11,144 42,564 10,975
Total revenues 1,671,196 1,542,186 4,473,397 4,330,731
Expenses        
Personnel costs 470,683 449,839 1,329,322 1,312,455
Premiums retained by agents 518,824 485,621 1,344,517 1,341,808
Other operating expenses 248,252 227,670 667,047 675,085
Provision for policy losses and other claims 124,683 122,196 331,525 336,395
Depreciation and amortization 31,719 31,729 97,537 92,534
Premium taxes 19,484 18,774 50,887 51,837
Interest 12,213 10,770 36,057 29,997
Total expenses 1,425,858 1,346,599 3,856,892 3,840,111
Income before income taxes 245,338 195,587 616,505 490,620
Income taxes 57,171 44,126 131,263 107,896
Net income 188,167 151,461 485,242 382,724
Less: Net income (loss) attributable to noncontrolling interests 985 (19) 1,830 (123)
Net income attributable to the Company $ 187,182 $ 151,480 $ 483,412 $ 382,847
Net income per share attributable to the Company's stockholders (Note 10):        
Basic $ 1.65 $ 1.34 $ 4.28 $ 3.40
Diluted 1.65 1.34 4.26 3.38
Cash dividends declared per share $ 0.42 $ 0.42 $ 1.26 $ 1.18
Weighted-average common shares outstanding (Note 10):        
Basic 113,163 112,722 112,983 112,541
Diluted 113,741 113,365 113,509 113,213