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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues      
Insurance premiums and contract charges earned $ 794,703 $ 759,146 $ 731,880
Net investment income 373,630 361,186 332,600
Net realized investment gains (losses) (3,406) 4,123 12,713
Other income 6,623 4,455 3,255
Total revenues 1,171,550 1,128,910 1,080,448
Benefits, losses and expenses      
Benefits, claims and settlement expenses 582,306 541,004 496,364
Interest credited 198,635 192,022 182,842
DAC amortization expense 102,185 96,732 98,919
Operating expenses 187,789 173,112 157,411
Interest expense 11,948 11,808 13,122
Debt retirement costs 0 0 2,338
Total benefits, losses and expenses 1,082,863 1,014,678 950,996
Income before income taxes 88,687 114,232 129,452
Income tax expense (benefit) (80,772) 30,467 35,970
Net income $ 169,459 $ 83,765 $ 93,482
Net income per share      
Basic (in usd per share) $ 4.10 $ 2.04 $ 2.23
Diluted (in usd per share) $ 4.08 $ 2.02 $ 2.20
Weighted average number of shares and equivalent shares      
Basic (in shares) 41,364,546 41,158,349 41,914,864
Diluted (in shares) 41,564,979 41,475,516 42,424,806
Net realized investment gains (losses)      
Total other-than-temporary impairment losses on securities $ (12,620) $ (11,401) $ (23,796)
Portion of losses recognized in other comprehensive income (loss) 0 (290) (4,300)
Net other-than-temporary impairment losses on securities recognized in earnings (12,620) (11,111) (19,496)
Realized gains, net 9,214 15,234 32,209
Total $ (3,406) $ 4,123 $ 12,713