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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenue:        
Total premium $ 853,979 $ 816,614 $ 1,704,085 $ 1,637,245
Net investment income 218,568 212,776 436,652 421,058
Realized investment gains (losses) 11,813 (705) 13,764 (6,453)
Other income 416 393 711 809
Total revenue 1,084,776 1,029,078 2,155,212 2,052,659
Benefits and expenses:        
Life policyholder benefits 399,334 390,859 799,915 781,938
Health policyholder benefits 160,461 156,579 321,080 314,330
Other policyholder benefits 8,582 8,977 17,271 17,923
Total policyholder benefits 568,377 556,415 1,138,266 1,114,191
Amortization of deferred acquisition costs 129,077 122,121 258,697 248,029
Commissions, premium taxes, and non-deferred acquisition costs 69,427 65,032 139,066 130,148
Other operating expense 68,620 62,428 135,444 124,769
Interest expense 22,411 21,156 44,033 41,855
Total benefits and expenses 857,912 827,152 1,715,506 1,658,992
Income before income taxes 226,864 201,926 439,706 393,667
Income taxes (42,471) (61,563) (81,602) (116,126)
Income from continuing operations 184,393 140,363 358,104 277,541
Income (loss) from discontinued operations, net of tax 32 (90) (79) (3,727)
Net income $ 184,425 $ 140,273 $ 358,025 $ 273,814
Basic net income (loss) per common share:        
Continuing operations (in dollars per share) $ 1.63 $ 1.20 $ 3.15 $ 2.37
Discontinued operations (in dollars per share) 0.00 0.00 0.00 (0.03)
Total basic net income per common share (in dollars per share) 1.63 1.20 3.15 2.34
Diluted net income (loss) per common share:        
Continuing operations (in dollars per share) 1.59 1.18 3.08 2.32
Discontinued operations (in dollars per share) 0.00 0.00 0.00 (0.03)
Total diluted net income per common share (in dollars per share) 1.59 1.18 3.08 2.29
Dividends declared per common share (in dollars per share) $ 0.16 $ 0.15 $ 0.32 $ 0.3
Life premium [Member]        
Revenue:        
Total premium $ 602,534 $ 573,836 $ 1,200,837 $ 1,149,673
Health premium [Member]        
Revenue:        
Total premium 251,440 242,775 503,238 487,566
Other premium [Member]        
Revenue:        
Total premium $ 5 $ 3 $ 10 $ 6