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CONSOLIDATED CONDENSED STATEMENTS OF INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenues    
Premiums and policy fees $ 815,896 $ 726,847
Reinsurance ceded (327,713) (335,350)
Net of reinsurance ceded 488,183 391,497
Net investment income 538,163 457,634
Realized investment gains (losses):    
Derivative financial instruments (105,350) 7,385
All other investments 72,114 (4,145)
Other-than-temporary impairment losses (423) (1,340)
Portion recognized in other comprehensive income (before taxes) (1,168) (3,244)
Net impairment losses recognized in earnings (1,591) (4,584)
Other income 99,039 85,027
Total revenues 1,090,558 932,814
Benefits and expenses    
Benefits and settlement expenses, net of reinsurance ceded: (2014 - $304,832; 2013 - $308,800) 728,519 581,880
Amortization of deferred policy acquisition costs and value of business acquired 55,582 52,239
Other operating expenses, net of reinsurance ceded: (2014 - $43,766; 2013 - $40,989) 181,252 181,068
Total benefits and expenses 965,353 815,187
Income before income tax 125,205 117,627
Income tax expense 41,566 39,336
Net income $ 83,639 $ 78,291
Net income - basic (in dollars per share) $ 1.05 $ 0.99
Net income - diluted (in dollars per share) $ 1.03 $ 0.97
Cash dividends paid per share (in dollars per share) $ 0.20 $ 0.18
Average shares outstanding - basic (in shares) 79,608,461 79,139,392
Average shares outstanding - diluted (in shares) 80,872,152 80,706,744