XML 28 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues    
Insurance premiums and contract charges earned $ 195,722 $ 185,450
Net investment income 90,711 84,659
Net realized investment losses (242) (154)
Other income 1,113 1,348
Total revenues 287,304 271,303
Benefits, losses and expenses    
Benefits, claims and settlement expenses 144,096 119,513
Interest credited 48,774 46,690
Policy acquisition expenses amortized 24,886 24,052
Operating expenses 48,756 42,796
Interest expense 2,956 2,935
Total benefits, losses and expenses 269,468 235,986
Income before income taxes 17,836 35,317
Income tax expense 2,518 10,164
Net income $ 15,318 $ 25,153
Net income per share    
Basic $ 0.37 $ 0.61
Diluted $ 0.37 $ 0.61
Weighted average number of shares and equivalent shares (in thousands)    
Basic 41,135 41,297
Diluted 41,342 41,492
Net realized investment gains (losses)    
Total other-than-temporary impairment losses on securities $ (2,797) $ (3,673)
Portion of losses recognized in other comprehensive income 0 0
Net other-than-temporary impairment losses on securities recognized in earnings (2,797) (3,673)
Realized gains, net 2,555 3,519
Total $ (242) $ (154)