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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
[1]
Mar. 31, 2015
[2]
Revenue:    
Life premium $ 544,151 $ 513,342
Health premium 235,697 228,673
Other premium 12 41
Total premium 779,860 742,056
Net investment income 197,053 191,596
Realized investment gains 293 119
Other income 421 669
Total revenue 977,627 934,440
Benefits and expenses:    
Life policyholder benefits 362,860 339,701
Health policyholder benefits 152,775 148,029
Other policyholder benefits 9,338 10,045
Total policyholder benefits 524,973 497,775
Amortization of deferred acquisition costs 118,806 110,660
Commissions, premium taxes, and non-deferred acquisition costs 61,602 57,105
Other operating expense 57,429 55,363
Interest expense 19,369 19,060
Total benefits and expenses 782,179 739,963
Income before income taxes 195,448 194,477
Income taxes (61,874) (63,699)
Income from continuing operations 133,574 130,778
Discontinued operations:    
Income (loss) from discontinued operations, net of tax (9,541) (9,130)
Net income $ 124,033 $ 121,648
Basic net income per share:    
Continuing operations (in dollars per share) $ 1.10 $ 1.03
Discontinued operations (in dollars per share) (0.08) (0.07)
Basic net income per share (in dollars per share) 1.02 0.96
Diluted net income per share:    
Continuing operations (in dollars per share) 1.08 1.02
Discontinued operations (in dollars per share) (0.07) (0.07)
Diluted net income per share (in dollars per share) 1.01 0.95
Dividends declared per common share $ 0.14 $ 0.14
[1] Due to the adoption of ASU 2016-09, certain balances related to excess tax benefits from stock compensation were adjusted prospectively as described in Note 2—New Accounting Standards.
[2] Certain prior year balances were adjusted to give effect to discontinued operations as described in Note 5—Discontinued Operations.