XML 28 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements Of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
[1]
Dec. 31, 2013
[1]
Revenue:      
Life premium $ 2,073,065 $ 1,966,300 $ 1,885,332
Health premium 925,520 869,440 863,818
Other premium 135 400 532
Total premium 2,998,720 2,836,140 2,749,682
Net investment income 773,951 758,286 734,650
Realized investment gains (losses) (8,791) 23,548 10,668
Other-than-temporary impairments 0 0 (2,678)
Other income 2,185 2,121 1,931
Total revenue 3,766,065 3,620,095 3,494,253
Benefits and expenses:      
Life policyholder benefits 1,374,608 1,301,562 1,227,857
Health policyholder benefits 602,610 559,817 567,607
Other policyholder benefits 38,994 42,005 43,302
Total policyholder benefits 2,016,212 1,903,384 1,838,766
Amortization of deferred acquisition costs 445,625 415,914 [2] 400,869 [2]
Commissions, premium taxes, and non-deferred acquisition expenses 237,541 222,463 207,399
Other operating expense 223,858 217,531 211,443
Interest expense 76,642 76,126 80,461
Total benefits and expenses 2,999,878 2,835,418 2,738,938
Income before income taxes 766,187 784,677 755,315
Income taxes (249,894) (256,603) (248,110)
Income from continuing operations 516,293 528,074 507,205
Discontinued operations:      
Income from discontinued operations, net of tax 10,807 14,865 [2] 21,267 [2]
Net income $ 527,100 $ 542,939 [2] $ 528,472 [2]
Basic net income per common share:      
Continuing operations (in dollars per share) $ 4.13 $ 4.04 $ 3.68
Discontinued operations (in dollars per share) 0.08 0.11 0.16
Total basic net income per common share 4.21 4.15 3.84
Diluted net income per common share:      
Continuing Operations (in dollars per share) 4.07 3.98 3.63
Discontinued operations (in dollars per share) 0.09 0.11 0.16
Total diluted net income per common share $ 4.16 $ 4.09 $ 3.79
[1] Certain balances were adjusted to give effect to discontinued operations and the adoption of new accounting guidance as described in Note 1- Significant Accounting Policies under the caption "Low-Income Housing Tax Credit Interests."
[2] Certain balances were adjusted to give effect to discontinued operations as described in Note 1—Significant Accounting Policies.