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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues:        
Net premiums earned—insurance $ 227,156 $ 211,984 $ 646,935 $ 617,696
Services revenue 42,243 0 42,243 0
Net investment income 26,178 26,732 76,144 81,220
Net (losses) gains on investments (7,839) (7,132) 103,831 (142,891)
Change in fair value of derivative instruments 19,360 10,778 126,923 (70,357)
Net gains (losses) on other financial instruments 982 902 (229) (3,585)
Other income 1,171 1,314 4,115 5,319
Total revenues 309,251 244,578 999,962 487,402
Expenses:        
Policyholder Benefits and Claims Incurred, Net and Including Change in Reserves for Premium Deficiency 42,526 154,849 167,527 427,821
Policy acquisition costs 6,034 7,958 23,069 35,159
Direct cost of services 23,896 0 23,896 0
Other operating expenses 56,262 70,974 181,722 212,055
Interest expense 23,989 19,570 66,264 54,871
Amortization of intangible assets 3,294 0 3,294 0
Total expenses 156,001 253,351 465,772 729,906
Equity in net (loss) income of affiliates 0 0 (13) 1
Pretax income (loss) 153,250 (8,773) 534,177 (242,503)
Income tax (benefit) provision (340) 3,909 2,995 (9,149)
Net income (loss) $ 153,590 $ (12,682) $ 531,182 $ (233,354)
Basic net income (loss) per share $ 0.80 $ (0.07) $ 2.91 $ (1.43)
Diluted net income (loss) per share $ 0.67 $ (0.07) $ 2.37 $ (1.43)
Weighted-average number of common shares outstanding—basic 191,050 171,830 182,357 162,828
Weighted-average number of common and common equivalent shares outstanding—diluted 238,067 171,830 230,662 162,828
Dividends per share $ 0.0025 $ 0.0025 $ 0.0075 $ 0.0075