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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue:        
Life premium $ 576,223 $ 546,415 $ 1,725,896 $ 1,639,156
Health premium 242,991 236,987 730,557 709,936
Other premium 3 9 9 34
Total premium 819,217 783,411 2,456,462 2,349,126
Net investment income 213,872 202,720 634,930 601,415
Realized investment gains (losses) 12,595 3,482 6,142 7,780
Other income 331 160 1,140 963
Total revenue 1,046,015 989,773 3,098,674 2,959,284
Benefits and expenses:        
Life policyholder benefits 386,445 369,546 1,168,383 1,101,748
Health policyholder benefits 155,774 153,351 470,104 459,387
Other policyholder benefits 9,000 9,255 26,923 27,475
Total policyholder benefits 551,219 532,152 1,665,410 1,588,610
Amortization of deferred acquisition costs 122,334 116,821 370,363 352,872
Commissions, premium taxes, and non-deferred acquisition costs 67,863 61,153 198,011 185,609
Other operating expense 63,019 57,805 187,788 173,080
Interest expense 20,970 20,381 62,825 62,860
Total benefits and expenses 825,405 788,312 2,484,397 2,363,031
Income before income taxes 220,610 201,461 614,277 596,253
Income taxes (67,264) (59,551) (183,390) (181,475)
Income from continuing operations 153,346 141,910 430,887 414,778
Income (loss) from discontinued operations, net of tax (12) 9,959 (3,739) (447)
Net income $ 153,334 $ 151,869 $ 427,148 $ 414,331
Basic net income (loss) per common share:        
Continuing operations (in dollars per share) $ 1.32 $ 1.19 $ 3.69 $ 3.44
Discontinued operations (in dollars per share) 0.00 0.08 (0.03) 0.00
Total basic net income per common share (in dollars per share) 1.32 1.27 3.66 3.44
Diluted net income (loss) per common share:        
Continuing operations (in dollars per share) 1.29 1.16 3.61 3.38
Discontinued operations (in dollars per share) 0.00 0.09 (0.03) 0.00
Total diluted net income per common share (in dollars per share) 1.29 1.25 3.58 3.38
Dividends declared per common share (in dollars per share) $ 0.15 $ 0.14 $ 0.45 $ 0.42