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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues        
Insurance premiums and contract charges earned $ 167,904 $ 167,035 $ 499,743 $ 500,066
Net investment income 76,649 71,550 228,658 213,708
Net realized investment gains 10,762 21,121 21,060 32,674
Other income 1,233 1,127 5,936 4,209
Total revenues 256,548 260,833 755,397 750,657
Benefits, losses and expenses        
Benefits, claims and settlement expenses 106,051 124,412 344,913 398,822
Interest credited 41,411 39,288 121,844 114,987
Policy acquisition expenses amortized 20,406 25,008 60,538 64,735
Operating expenses 37,955 36,030 114,382 109,005
Interest expense 3,556 3,474 10,666 10,428
Total benefits, losses and expenses. 209,379 228,212 652,343 697,977
Income before income taxes 47,169 32,621 103,054 52,680
Income tax expense 14,903 8,984 31,014 15,087
Net income 32,266 23,637 72,040 37,593
Net income per share        
Basic $ 0.82 $ 0.59 $ 1.82 $ 0.94
Diluted $ 0.78 $ 0.57 $ 1.74 $ 0.91
Weighted average number of shares and equivalent shares (in thousands)        
Basic 39,381 39,919 39,572 39,854
Diluted 41,138 41,451 41,295 41,455
Net realized investment gains        
Total other-than-temporary impairment losses on securities          
Portion of losses recognized in other comprehensive income          
Net other-than-temporary impairment losses on securities recognized in earnings          
Net realized gains 10,762 21,121 21,060 32,674
Total $ 10,762 $ 21,121 $ 21,060 $ 32,674