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Consolidated Condensed Balance Sheets (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Securities available for sale --    
Fixed maturities, at fair value (cost: 2011 - $479,061; 2010 - $644,661) $ 509,031 $ 679,405
Short-term and other investments 528,255 373,023
Total investments 1,037,286 1,052,428
Cash and cash equivalents 16,492 12,874
Student loan receivables 55,379 60,312
Restricted cash 13,780 13,170
Investment income due and accrued 5,221 7,139
Reinsurance recoverable - ceded policy liabilities 361,014 363,243
Agent and other receivables 25,935 32,508
Deferred acquisition costs 22,391 32,689
Property and equipment, net of accumulated depreciation of $153,312 and $147,493 at June 30, 2011 and December 31, 2010, respectively 39,105 41,039
Goodwill 40,384 40,384
Other intangible assets 40,855 41,947
Recoverable federal income taxes 4,211 3,443
Other assets 18,375 15,776
Assets held for sale 2,100 2,699
Total assets 1,682,528 1,719,651
Policy liabilities:    
Future policy and contract benefits 480,208 453,773
Claims 114,329 208,675
Unearned premiums 30,114 34,862
Other policy liabilities 24,517 7,687
Accounts payable and accrued expenses 26,786 38,131
Other liabilities 50,094 58,868
Deferred federal income taxes 70,233 58,883
Debt 553,420 553,420
Student loan credit facility 64,050 68,650
Net liabilities of discontinued operations 1,442 1,574
Total liabilities 1,415,193 1,484,523
Commitments and Contingencies (Note 11)    
Stockholders' equity:    
Preferred stock, par value $0.01 per share - authorized 10,000,000 shares, none issued 0 0
Common Stock, Class A-1, par value $0.01 per share authorized 90,000,000 shares, 28,276,279 issued and 28,157,645 outstanding at June 30, 2011; 28,281,859 issued and 28,256,028 outstanding at December 31, 2010. Class A-2, par value $0.01 per share authorized 20,000,000 shares, 4,026,104 issued and 2,969,251 outstanding at June 30, 2011; 4,026,104 issued and 2,762,100 outstanding at December 31, 2010 323 323
Additional paid-in capital 50,405 54,772
Accumulated other comprehensive income 20,175 21,981
Retained earnings 209,941 178,313
Treasury stock, at cost (118,634 Class A-1 common shares and 1,056,853 Class A-2 common shares at June 30, 2011; 25,831 Class A-1 common shares and 1,264,004 Class A-2 common shares at December 31, 2010) (13,509) (20,261)
Total stockholders' equity 267,335 235,128
Total liabilities and stockholders' equity $ 1,682,528 $ 1,719,651