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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues        
Insurance premiums and contract charges earned $ 171,561 $ 166,335 $ 340,719 $ 331,839
Net investment income 77,361 76,334 154,764 152,009
Net realized investment gains 15,417 9,905 22,279 10,298
Other income 1,298 1,652 2,406 4,703
Total revenues 265,637 254,226 520,168 498,849
Benefits, losses and expenses        
Benefits, claims and settlement expenses 120,765 130,984 233,464 238,862
Interest credited 42,098 40,454 83,506 80,433
Policy acquisition expenses amortized 23,000 22,302 43,074 40,132
Operating expenses 39,014 38,577 77,832 76,427
Interest expense 3,549 3,554 7,103 7,110
Total benefits, losses and expenses 228,426 235,871 444,979 442,964
Income before income taxes 37,211 18,355 75,189 55,885
Income tax expense 11,216 5,252 22,182 16,111
Net income 25,995 13,103 53,007 39,774
Net income per share        
Basic $ 0.65 $ 0.33 $ 1.34 $ 1.00
Diluted $ 0.63 $ 0.32 $ 1.29 $ 0.96
Weighted average number of shares and equivalent shares (in thousands)        
Basic 39,768 39,544 39,648 39,669
Diluted 41,395 41,304 41,219 41,414
Net realized investment gains        
Total other-than-temporary impairment losses on securities (963) 0 (963) 0
Portion of losses recognized in other comprehensive income 0 0 0 0
Net other-than-temporary impairment losses on securities recognized in earnings (963) 0 (963) 0
Realized gains, net 16,380 9,905 23,242 10,298
Total $ 15,417 $ 9,905 $ 22,279 $ 10,298