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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenue:        
Life premium $ 518,929 $ 491,724 $ 1,552,309 $ 1,472,734
Health premium 280,744 293,879 913,001 931,533
Other premium 41 112 119 334
Total premium 799,714 785,715 2,465,429 2,404,601
Net investment income 193,213 189,588 579,632 567,569
Realized investment gains 5,140 (1,483) 7,872 15,713
Other income 692 668 2,052 1,812
Total revenue 998,759 974,488 3,054,985 2,989,695
Benefits and expenses:        
Life policyholder benefits 342,196 328,116 1,029,261 972,484
Health policyholder benefits 175,496 196,901 652,822 673,173
Other policyholder benefits 9,648 10,515 29,447 31,599
Total policyholder benefits 527,340 535,532 1,711,530 1,677,256
Amortization of deferred acquisition costs 112,523 103,834 336,690 313,128
Commissions, premium taxes, and non-deferred acquisition costs 65,127 63,636 192,413 185,034
Other operating expense 57,779 55,402 171,368 168,758
Interest expense 19,246 19,033 57,420 57,119
Total benefits and expenses 782,015 777,437 2,469,421 2,401,295
Income before income taxes 216,744 197,051 585,564 588,400
Income taxes (71,358) (64,639) (191,420) (192,209)
Net income $ 145,386 $ 132,412 $ 394,144 $ 396,191
Basic net income per share $ 1.17 $ 1.02 [1] $ 3.13 $ 3.01 [1]
Diluted net income per share 1.15 1.00 [1] 3.09 2.97 [1]
Dividends declared per common share $ 0.14 $ 0.13 [1] $ 0.41 $ 0.38 [1]
[1] Certain balances were retrospectively adjusted to give effect to the adoption of new accounting guidance as described in Note G- Adoption of New Accounting Standards.