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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue:        
Revenue $ 1,074,405 $ 1,028,067 $ 3,225,120 $ 3,054,116
Net investment income 245,625 238,975 733,101 713,103
Realized gains (losses) (29,155) 10,475 (66,845) 47,286
Other income 398 321 861 1,004
Total revenue 1,291,273 1,277,838 3,892,237 3,815,509
Benefits and expenses:        
Life policyholder benefits 494,627 516,196 1,555,004 1,532,298
Health policyholder benefits 198,415 187,906 592,488 564,589
Other policyholder benefits 6,986 7,303 21,110 21,848
Total policyholder benefits 700,028 711,405 2,168,602 2,118,735
Amortization of deferred acquisition costs 156,129 151,593 469,718 452,607
Commissions, premium taxes, and non-deferred acquisition costs 93,028 82,774 277,436 244,752
Other operating expense 88,140 80,385 262,150 240,750
Interest expense 23,965 20,886 65,737 63,833
Total benefits and expenses 1,061,290 1,047,043 3,243,643 3,120,677
Income before income taxes 229,983 230,795 648,594 694,832
Income tax benefit (expense) (43,204) (41,924) (120,450) (127,826)
Net income $ 186,779 $ 188,871 $ 528,144 $ 567,006
Basic net income per common share (in dollars per share) $ 1.92 $ 1.86 $ 5.38 $ 5.53
Diluted net income per common share (in dollars per share) $ 1.90 $ 1.84 $ 5.33 $ 5.46
Life premium        
Revenue:        
Revenue $ 755,115 $ 728,924 $ 2,269,641 $ 2,165,213
Health premium        
Revenue:        
Revenue 319,289 299,143 955,478 888,902
Other premium        
Revenue:        
Revenue $ 1 $ 0 $ 1 $ 1