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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue:        
Premium $ 961,817 $ 899,993 $ 2,845,354 $ 2,688,450
Net investment income 231,432 228,905 691,991 683,003
Realized gains (losses) 1,501 11,943 (29,386) 18,426
Other income 292 438 1,021 1,077
Total revenue 1,195,042 1,141,279 3,508,980 3,390,956
Benefits and expenses:        
Life policyholder benefits 459,231 406,963 1,340,746 1,227,616
Health policyholder benefits 184,237 170,875 546,444 511,403
Other policyholder benefits 7,508 7,854 22,571 23,792
Total policyholder benefits 650,976 585,692 1,909,761 1,762,811
Amortization of deferred acquisition costs 140,843 138,449 430,840 412,436
Commissions, premium taxes, and non-deferred acquisition costs 74,614 74,139 229,691 221,302
Other operating expense 75,397 74,575 226,693 226,412
Interest expense 21,674 21,094 65,295 63,804
Total benefits and expenses 963,504 893,949 2,862,280 2,686,765
Income before income taxes 231,538 247,330 646,700 704,191
Income tax benefit (expense) (42,593) (45,512) (119,167) (130,370)
Income from continuing operations 188,945 201,818 527,533 573,821
Loss (income) from discontinued operations, net of income taxes 0 0 0 (92)
Net income $ 188,945 $ 201,818 $ 527,533 $ 573,729
Basic net income (loss) per common share:        
Continuing operations (in dollars per share) $ 1.78 $ 1.85 $ 4.95 $ 5.24
Discontinued operations (in dollars per share) 0 0 0 0
Total basic net income per common share (in dollars per share) 1.78 1.85 4.95 5.24
Diluted net income (loss) per common share:        
Continuing operations (in dollars per share) 1.76 1.82 4.90 5.14
Discontinued operations (in dollars per share) 0 0 0 0
Total diluted net income per common share (in dollars per share) $ 1.76 $ 1.82 $ 4.90 $ 5.14
Life premium        
Revenue:        
Premium $ 674,021 $ 630,824 $ 1,994,473 $ 1,886,314
Health premium        
Revenue:        
Premium 287,795 269,166 850,877 802,132
Other premium        
Revenue:        
Premium $ 1 $ 3 $ 4 $ 4