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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues:        
Net premiums $ 2,183,160 $ 2,035,156 $ 4,283,797 $ 4,014,849
Investment income, net of related expenses 410,607 444,234 814,982 869,365
Investment related gains (losses), net:        
Other-than-temporary impairments on fixed maturity securities (870) (9,803) (1,173) (10,005)
Other-than-temporary impairments on fixed maturity securities transferred to (from) accumulated other comprehensive income 0 (306) 0 (306)
Other investment related gains (losses), net 119,397 58,352 204,271 152,925
Total investment related gains (losses), net 118,527 48,243 203,098 142,614
Other revenues 120,726 63,009 188,316 164,916
Total revenues 2,833,020 2,590,642 5,490,193 5,191,744
Benefits and Expenses:        
Claims and other policy benefits 1,841,885 2,030,574 3,685,562 3,719,484
Interest credited 115,962 118,345 226,556 243,828
Policy acquisition costs and other insurance expenses 409,374 370,505 764,247 727,862
Other operating expenses 127,462 113,408 238,398 232,909
Interest expense 35,211 29,918 70,295 58,404
Collateral finance facility expense 2,591 2,650 5,160 5,188
Total benefits and expenses 2,532,485 2,665,400 4,990,218 4,987,675
Income (loss) before income taxes 300,535 (74,758) 499,975 204,069
Provision for income taxes 102,239 (25,146) 165,015 68,146
Net income (loss) $ 198,296 $ (49,612) $ 334,960 $ 135,923
Earnings per share:        
Basic earnings per share $ 2.87 $ (0.69) $ 4.80 $ 1.86
Diluted earnings per share $ 2.84 $ (0.69) $ 4.75 $ 1.85
Dividends declared per share $ 0.30 $ 0.24 $ 0.60 $ 0.48