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New Accounting Standards - Schedule of Statements of Operations (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue:        
Premium $ 1,110,920 $ 1,077,199 $ 2,206,010 $ 2,142,011
Net investment income 261,244 244,712 518,349 489,606
Benefits and expenses:        
Life policyholder benefits [1] 512,664 492,364 1,020,641 987,793
Health policyholder benefits [2] 195,924 190,075 386,886 379,093
Other policyholder benefits 8,922 8,992 17,910 18,694
Amortization of deferred acquisition costs 94,080 86,185 186,402 170,681
Commissions, premium taxes, and non-deferred acquisition costs 138,459 126,213 276,256 251,722
Income before income taxes 264,506 276,449 538,740 570,625
Income tax benefit (expense) (49,246) (52,476) (99,870) (109,168)
Net income $ 215,260 $ 223,973 $ 438,870 $ 461,457
Basic net income per common share (in dollars per share) $ 2.26 $ 2.28 $ 4.58 $ 4.67
Diluted net income per common share (in dollars per share) $ 2.24 $ 2.26 $ 4.52 $ 4.63
As Previously Reported        
Revenue:        
Net investment income   $ 243,642   $ 487,476
Benefits and expenses:        
Life policyholder benefits   511,034   1,060,377
Health policyholder benefits   197,218   394,073
Other policyholder benefits   7,074   14,124
Amortization of deferred acquisition costs   155,205   313,589
Commissions, premium taxes, and non-deferred acquisition costs   93,595   184,408
Income before income taxes   216,996   418,611
Income tax benefit (expense)   (39,992)   (77,246)
Net income   $ 177,004   $ 341,365
Basic net income per common share (in dollars per share)   $ 1.80   $ 3.46
Diluted net income per common share (in dollars per share)   $ 1.79   $ 3.43
Adoption Impact        
Revenue:        
Net investment income   $ 1,070   $ 2,130
Benefits and expenses:        
Life policyholder benefits   (18,670)   (72,584)
Health policyholder benefits   (7,143)   (14,980)
Other policyholder benefits   1,918   4,570
Amortization of deferred acquisition costs   (69,020)   (142,908)
Commissions, premium taxes, and non-deferred acquisition costs   32,618   67,314
Income before income taxes   59,453   152,014
Income tax benefit (expense)   (12,484)   (31,922)
Net income   $ 46,969   $ 120,092
Basic net income per common share (in dollars per share)   $ 0.48   $ 1.21
Diluted net income per common share (in dollars per share)   $ 0.47   $ 1.20
Life insurance        
Revenue:        
Premium $ 781,733 $ 756,892 $ 1,554,330 $ 1,506,020
Life insurance | As Previously Reported        
Revenue:        
Premium   759,924   1,514,526
Life insurance | Adoption Impact        
Revenue:        
Premium   (3,032)   (8,506)
Health premium        
Revenue:        
Premium $ 329,187 320,307 $ 651,680 635,991
Health premium | As Previously Reported        
Revenue:        
Premium   319,189   636,189
Health premium | Adoption Impact        
Revenue:        
Premium   $ 1,118   $ (198)
[1] Net of remeasurement gain of $2.4 million and $1.7 million for the three months ended June 30, 2023 and 2022, respectively. Net of remeasurement gain of $5.1 million for the six months ended June 30, 2023 and a remeasurement loss of $4.1 million for the same period in 2022.
[2] Net of remeasurement gain of $2.6 million and $2.1 million for the three months ended June 30, 2023 and 2022, respectively. Net of remeasurement gain of $532 thousand and $4.0 million for the six months ended June 30, 2023 and 2022, respectively.