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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue:        
Premium $ 953,702 $ 897,484 $ 1,883,537 $ 1,788,457
Net investment income 231,568 227,425 460,559 454,098
Realized gains (losses) (4,790) 5,154 (30,887) 6,483
Other income 404 398 729 639
Total revenue 1,180,884 1,130,461 2,313,938 2,249,677
Benefits and expenses:        
Life policyholder benefits 459,845 410,961 881,515 820,653
Health policyholder benefits 183,496 170,511 362,207 340,528
Other policyholder benefits 7,475 7,890 15,063 15,938
Total policyholder benefits 650,816 589,362 1,258,785 1,177,119
Amortization of deferred acquisition costs 146,160 138,165 289,997 273,987
Commissions, premium taxes, and non-deferred acquisition costs 76,140 73,698 155,077 147,163
Other operating expense 72,714 79,044 151,296 151,837
Interest expense 22,813 21,432 43,621 42,710
Total benefits and expenses 968,643 901,701 1,898,776 1,792,816
Income before income taxes 212,241 228,760 415,162 456,861
Income tax benefit (expense) (39,193) (42,151) (76,574) (84,858)
Income from continuing operations 173,048 186,609 338,588 372,003
Loss (income) from discontinued operations, net of income taxes 0 (43) 0 (92)
Net income $ 173,048 $ 186,566 $ 338,588 $ 371,911
Basic net income (loss) per common share:        
Continuing operations (in dollars per share) $ 1.63 $ 1.70 $ 3.17 $ 3.38
Discontinued operations (in dollars per share) 0 0 0 0
Total basic net income per common share (in dollars per share) 1.63 1.70 3.17 3.38
Diluted net income (loss) per common share:        
Continuing operations (in dollars per share) 1.62 1.67 3.13 3.32
Discontinued operations (in dollars per share) 0 0 0 0
Total diluted net income per common share (in dollars per share) $ 1.62 $ 1.67 $ 3.13 $ 3.32
Life premium        
Revenue:        
Premium $ 670,822 $ 631,201 $ 1,320,452 $ 1,255,490
Health premium        
Revenue:        
Premium 282,877 266,282 563,082 532,966
Other premium        
Revenue:        
Premium $ 3 $ 1 $ 3 $ 1