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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue:        
Premium $ 897,484 $ 853,979 $ 1,788,457 $ 1,704,085
Net investment income 227,425 218,568 454,098 436,652
Realized gains (losses) 5,154 11,813 6,483 13,764
Other income 398 416 639 711
Total revenue 1,130,461 1,084,776 2,249,677 2,155,212
Benefits and expenses:        
Life policyholder benefits 410,961 399,334 820,653 799,915
Health policyholder benefits 170,511 160,461 340,528 321,080
Other policyholder benefits 7,890 8,582 15,938 17,271
Total policyholder benefits 589,362 568,377 1,177,119 1,138,266
Amortization of deferred acquisition costs 138,165 129,077 273,987 258,697
Commissions, premium taxes, and non-deferred acquisition costs 73,698 69,427 147,163 139,066
Other operating expense 79,044 68,620 151,837 135,444
Interest expense 21,432 22,411 42,710 44,033
Total benefits and expenses 901,701 857,912 1,792,816 1,715,506
Income before income taxes 228,760 226,864 456,861 439,706
Income tax benefit (expense) (42,151) (42,471) (84,858) (81,602)
Income from continuing operations 186,609 184,393 372,003 358,104
Income (loss) from discontinued operations, net of tax (43) 32 (92) (79)
Net income $ 186,566 $ 184,425 $ 371,911 $ 358,025
Basic net income (loss) per common share:        
Continuing operations (in dollars per share) $ 1.70 $ 1.63 $ 3.38 $ 3.15
Discontinued operations (in dollars per share) 0 0 0 0
Total basic net income per common share (in dollars per share) 1.70 1.63 3.38 3.15
Diluted net income (loss) per common share:        
Continuing operations (in dollars per share) 1.67 1.59 3.32 3.08
Discontinued operations (in dollars per share) 0 0 0 0
Total diluted net income per common share (in dollars per share) $ 1.67 $ 1.59 $ 3.32 $ 3.08
Life premium        
Revenue:        
Premium $ 631,201 $ 602,534 $ 1,255,490 $ 1,200,837
Other premium        
Revenue:        
Premium 266,282 251,440 532,966 503,238
Other premium        
Revenue:        
Premium $ 1 $ 5 $ 1 $ 10