Unaudited Selected Quarterly Financial Data (Tables)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Selected quarterly financial data is presented below.



($ in thousands, except per share data)	Three Months Ended
	December 31,			September 30,		June 30,		March 31,
2019
Insurance premiums and contract charges earned ⁽¹⁾	$	240,392		$	239,681	$	208,096	$	209,785
Insurance premiums written and contract deposits^(1)(2)(3)	346,242			371,216		311,691		295,394
Total revenues ⁽¹⁾	331,376			334,418		451,478		313,213
Net income ⁽¹⁾	33,001			25,454		93,822		32,166
Per share information
Basic
Net income ⁽¹⁾	$	0.79		$	0.61	$	2.25	$	0.77
Shares of common stock - weighted average ⁽⁴⁾	41,814			41,785		41,762		41,610
Diluted
Net income ⁽¹⁾	$	0.78		$	0.60	$	2.24	$	0.77
Shares of common stock and equivalent shares - weighted average ⁽⁴⁾	42,093			42,030		41,921		41,785

2018
Insurance premiums and contract charges earned	$	201,905		$	206,820	$	205,610	$	202,998
Insurance premiums written and contract deposits⁽²⁾	311,216			338,097		301,722		284,008
Total revenues	278,535			311,318		306,257		295,489
Net income (loss)	(20,257		)	12,528		5,917		20,155
Per share information
Basic
Net income (loss)	$	(0.49	)	$	0.30	$	0.14	$	0.49
Shares of common stock - weighted average ⁽⁴⁾	41,596			41,683		41,600		41,497
Diluted
Net income (loss)	$	(0.49	)	$	0.30	$	0.14	$	0.48
Shares of common stock and equivalent shares - weighted average ⁽⁴⁾	41,911			41,850		41,735		41,653

2017
Insurance premiums and contract charges earned	$	204,328		$	198,935	$	195,718	$	195,722
Insurance premiums written and contract deposits ⁽²⁾	300,416			318,355		311,614		296,732
Total revenues	302,993			289,817		291,436		287,304
Net income	125,329			26,551		2,261		15,318
Per share information
Basic
Net income⁽⁵⁾	$	3.03		$	0.64	$	0.05	$	0.37
Shares of common stock - weighted average ⁽⁴⁾	41,419			41,433		41,368		41,135
Diluted
Net income ⁽⁵⁾	$	3.00		$	0.64	$	0.05	$	0.37
Shares of common stock and equivalent shares - weighted average ⁽⁴⁾	41,718			41,575		41,493		41,342


⁽¹⁾	See Note 2 for more information regarding the acquisition of NTA on July 1, 2019.


⁽²⁾	This measure is not based on accounting principles generally accepted in the U.S. (non-GAAP). An explanation of this measure is contained in the Glossary of Selected Terms included as an exhibit in the Company's reports filed with the SEC.


⁽³⁾	Excludes the annuity reinsurance agreement accounted for under the deposit method that is discussed in Note 6.


⁽⁴⁾	Rounded to thousands.

⁽⁵⁾

For the three months ended December 31, 2017, net income per basic share of $3.03 and net income per diluted share of $3.00 benefited $2.39 and $2.37, respectively, from TCJA.