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Selected Quarterly Data (Tables)
12 Months Ended
Dec. 31, 2011
Schedule Of Selected Quarterly Data

The following is a summary of quarterly results for the two years ended December 31, 2011. The information is unaudited but includes all adjustments (consisting of normal accruals) which management considers necessary for a fair presentation of the results of operations for these periods.

 

     Three Months Ended  
         March 31,             June 30,         September 30,     December 31,  

2011:

                        

Premium and policy charges

   $ 679,901      $ 672,350      $ 650,525      $ 653,542   

Net investment income

     171,647        173,104        173,491        174,786   

Realized investment gains(losses)

     (22,723     31,272        12,600        4,755   

Total revenues

     829,272        877,334        837,241        833,554   

Policy benefits

     464,127        454,694        438,774        435,681   

Amortization of acquisition expenses

     92,463        91,664        89,899        90,557   

Pretax Income from continuing operations

     147,517        209,052        190,123        177,090   

Income from continuing operations

     100,740        142,781        131,256        122,839   

Income from discontinued operations

     (599     0        144        0   

Net income

     100,141        142,781        131,400        122,839   

Basic net income per common share*

        

Continuing operations

     .87        1.29        1.25        1.21   

Discontinued operations

     (0.01     0.00        0.00        0.00   

Total basic net income per share

     .86        1.29        1.25        1.21   

Diluted net income per common share*

        

Continuing operations

     .85        1.27        1.25        1.20   

Discontinued operations

     (0.01     0.00        0.00        0.00   

Total diluted net income per share

     .84        1.27        1.25        1.20   

2010:

                        

Premium and policy charges

   $ 670,944      $ 669,569      $ 657,827      $ 653,418   

Net investment income

     167,111        170,612        172,337        166,304   

Realized investment gains(losses)

     7,261        (5,002     8,045        27,036   

Total revenues

     845,678        835,895        838,888        847,171   

Policy benefits

     468,934        454,177        433,514        436,419   

Amortization of acquisition expenses

     94,688        89,261        90,904        87,537   

Pretax income from continuing operations

     167,961        175,003        200,122        207,484   

Income from continuing operations

     111,433        116,132        132,772        143,758   

Income from discontinued operations

     6,283        6,201        (23,566     5,853   

Net income

     117,716        122,333        109,206        149,611   

Basic net income per common share*

        

Continuing operations

     0.90        0.94        1.09        1.20   

Discontinued operations

     0.05        0.05        (0.19     0.05   

Total basic net income per share

     0.95        0.99        0.90        1.25   

Diluted net income per common share*

        

Continuing operations

     0.89        0.94        1.08        1.18   

Discontinued operations

     0.05        0.05        (0.19     0.05   

Total diluted net income per share

     0.94        0.99        0.89        1.23   

 

*   Basic and diluted net income per share by quarter may not add to per share income on a year-to-date basis due to share weighting and rounding.