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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues        
Insurance premiums and contract charges earned $ 198,935 $ 191,050 $ 590,375 $ 564,860
Net investment income 92,320 94,847 275,025 270,685
Net realized investment gains (losses) (3,486) 3,985 (1,656) 6,911
Other income 2,048 1,294 4,813 3,581
Total revenues 289,817 291,176 868,557 846,037
Benefits, losses and expenses        
Benefits, claims and settlement expenses 134,895 135,710 444,870 403,631
Interest credited 50,078 48,658 148,200 142,924
Policy acquisition expenses amortized 24,210 24,474 73,904 73,113
Operating expenses 44,172 44,337 139,156 130,478
Interest expense 2,978 2,975 8,879 8,858
Total benefits, losses and expenses 256,333 256,154 815,009 759,004
Income before income taxes 33,484 35,022 53,548 87,033
Income tax expense 6,933 8,099 9,418 23,091
Net income $ 26,551 $ 26,923 $ 44,130 $ 63,942
Net income per share        
Basic (in usd per share) $ 0.64 $ 0.66 $ 1.07 $ 1.55
Diluted (in usd per share) $ 0.64 $ 0.65 $ 1.06 $ 1.55
Weighted average number of common and common equivalent shares (in thousands)        
Basic (in shares) 41,433 41,092 41,337 41,155
Diluted (in shares) 41,575 41,347 41,467 41,386
Net realized investment gains (losses)        
Total other-than-temporary impairment losses on securities $ (6,091) $ (160) $ (12,452) $ (7,686)
Portion of losses recognized in other comprehensive income 0 0 0 (290)
Net other-than-temporary impairment losses on securities recognized in earnings (6,091) (160) (12,452) (7,396)
Realized investment gains, net 2,605 4,145 10,796 14,307
Total $ (3,486) $ 3,985 $ (1,656) $ 6,911