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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Premium $ 3,421,906 $ 3,282,935 $ 3,137,034
Net investment income 882,512 847,885 806,903
Realized gains (losses) (1,804) 23,611 (10,683)
Other income 1,137 1,142 1,375
Total revenue 4,303,751 4,155,573 3,934,629
Life policyholder benefits 1,591,790 1,558,261 1,479,272
Health policyholder benefits 649,188 633,778 612,725
Other policyholder benefits 34,264 35,836 36,751
Total policyholder benefits 2,275,242 2,227,875 2,128,748
Amortization of deferred acquisition costs 516,690 490,403 469,063
Commissions, premium taxes, and non-deferred acquisition costs 278,487 264,860 249,174
Other operating expense 279,585 257,255 232,064
Interest expense 90,076 84,532 83,345
Total benefits and expenses 3,440,080 3,324,925 3,162,394
Income before income taxes 863,671 830,648 772,235
Income taxes (162,161) 627,615 (232,645)
Income from continuing operations 701,510 1,458,263 539,590
Discontinued operations:      
Income (loss) from discontinued operations, net of tax (44) (3,769) 10,189
Net income $ 701,466 $ 1,454,494 $ 549,779
Basic net income (loss) per common share:      
Continuing operations (in dollars per share) $ 6.22 $ 12.53 $ 4.50
Discontinued operations (in dollars per share) 0.00 (0.03) 0.08
Total basic net income per common share (in dollars per share) 6.22 12.50 4.58
Diluted net income (loss) per common share:      
Continuing operations (in dollars per share) 6.09 12.26 4.41
Discontinued operations (in dollars per share) 0.00 (0.04) 0.08
Total diluted net income per common share (in dollars per share) $ 6.09 $ 12.22 $ 4.49
Life insurance      
Premium $ 2,406,555 $ 2,306,547 $ 2,189,333
Health premium      
Premium 1,015,339 976,373 947,663
Other premium      
Premium $ 12 $ 15 $ 38