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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue:        
Premium $ 899,993 $ 860,750 $ 2,688,450 $ 2,564,835
Net investment income 228,905 221,627 683,003 658,279
Realized gains (losses) 11,943 1,032 18,426 14,796
Other income 438 393 1,077 1,104
Total revenue 1,141,279 1,083,802 3,390,956 3,239,014
Benefits and expenses:        
Life policyholder benefits 406,963 396,701 1,227,616 1,196,616
Health policyholder benefits 170,875 162,574 511,403 483,654
Other policyholder benefits 7,854 8,581 23,792 25,852
Total policyholder benefits 585,692 567,856 1,762,811 1,706,122
Amortization of deferred acquisition costs 138,449 129,492 412,436 388,189
Commissions, premium taxes, and non-deferred acquisition costs 74,139 69,632 221,302 208,698
Other operating expense 74,575 74,059 226,412 209,503
Interest expense 21,094 22,433 63,804 66,466
Total benefits and expenses 893,949 863,472 2,686,765 2,578,978
Income before income taxes 247,330 220,330 704,191 660,036
Income tax benefit (expense) (45,512) (41,630) (130,370) (123,232)
Income from continuing operations 201,818 178,700 573,821 536,804
Income (loss) from discontinued operations, net of tax 0 24 (92) (55)
Net income $ 201,818 $ 178,724 $ 573,729 $ 536,749
Basic net income (loss) per common share:        
Continuing operations (in dollars per share) $ 1.85 $ 1.59 $ 5.24 $ 4.74
Discontinued operations (in dollars per share) 0 0 0 (0.01)
Total basic net income per common share (in dollars per share) 1.85 1.59 5.24 4.73
Diluted net income (loss) per common share:        
Continuing operations (in dollars per share) 1.82 1.55 5.14 4.64
Discontinued operations (in dollars per share) 0 0 0 0
Total diluted net income per common share (in dollars per share) $ 1.82 $ 1.55 $ 5.14 $ 4.64
Life premium        
Revenue:        
Premium $ 630,824 $ 605,547 $ 1,886,314 $ 1,806,384
Health premium        
Revenue:        
Premium 269,166 255,201 802,132 758,439
Other premium        
Revenue:        
Premium $ 3 $ 2 $ 4 $ 12