XML 25 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue:    
Revenue $ 1,095,090 $ 1,064,812
Net investment income 257,105 244,894
Realized gains (losses) (30,927) (7,244)
Other income 50 164
Total revenue 1,321,318 1,302,626
Benefits and expenses:    
Life policyholder benefits 507,977 495,429
Health policyholder benefits 190,962 189,018
Other policyholder benefits 8,988 9,702
Total policyholder benefits 707,927 694,149
Amortization of deferred acquisition costs 92,322 84,496
Commissions, premium taxes, and non-deferred acquisition costs 137,797 125,509
Other operating expense 84,171 84,352
Interest expense 24,867 19,944
Total benefits and expenses 1,047,084 1,008,450
Income before income taxes 274,234 294,176
Income tax benefit (expense) (50,624) (56,692)
Net income $ 223,610 $ 237,484
Basic net income per common share (in dollars per share) $ 2.32 $ 2.39
Diluted net income per common share (in dollars per share) $ 2.28 $ 2.37
Life premium    
Revenue:    
Revenue $ 772,597 $ 749,128
Health premium    
Revenue:    
Revenue 322,493 315,684
Other    
Revenue:    
Revenue $ 0 $ 0