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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues      
Insurance premiums and contract charges earned $ 759,146 $ 731,880 $ 715,760
Net investment income 361,186 332,600 329,815
Net realized investment gains 4,123 12,713 10,917
Other income 4,455 3,255 4,193
Total revenues 1,128,910 1,080,448 1,060,685
Benefits, losses and expenses      
Benefits, claims and settlement expenses 541,004 496,364 468,426
Interest credited 192,022 182,842 176,139
Policy acquisition expenses amortized 96,732 98,919 93,817
Operating expenses 173,112 157,411 161,992
Interest expense 11,808 13,122 14,198
Debt retirement costs 0 2,338 0
Total benefits, losses and expenses 1,014,678 950,996 914,572
Income before income taxes 114,232 129,452 146,113
Income tax expense 30,467 35,970 41,870
Net income $ 83,765 $ 93,482 $ 104,243
Net income per share      
Basic $ 2.04 $ 2.23 $ 2.5
Diluted $ 2.02 $ 2.2 $ 2.47
Weighted average number of shares and equivalent shares      
Basic 41,158,349 41,914,864 41,646,281
Diluted 41,475,516 42,424,806 42,230,559
Net realized investment gains      
Total other-than-temporary impairment losses on securities $ (11,401) $ (23,796) $ (6,385)
Portion of losses recognized in other comprehensive income (loss) (290) (4,300) 0
Net other-than-temporary impairment losses on securities recognized in earnings (11,111) (19,496) (6,385)
Realized gains, net 15,234 32,209 17,302
Total $ 4,123 $ 12,713 $ 10,917