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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Net premiums $ 2,129,043 $ 2,183,160 $ 4,152,895 $ 4,283,797
Investment income, net of related expenses 450,539 410,607 877,430 814,982
Investment related gains (losses), net:        
Other-than-temporary impairments on fixed maturity securities (4,137) (870) (6,664) (1,173)
Other investment related gains (losses), net (12,041) 119,397 (1,931) 204,271
Total investment related gains (losses), net (16,178) 118,527 (8,595) 203,098
Other revenues 66,936 120,726 129,223 188,316
Total revenues 2,630,340 2,833,020 5,150,953 5,490,193
Benefits and Expenses:        
Claims and other policy benefits 1,866,183 1,841,885 3,641,634 3,685,562
Interest credited 77,246 115,962 197,924 226,556
Policy acquisition costs and other insurance expenses 300,412 409,374 577,455 764,247
Other operating expenses 131,600 127,462 253,218 238,398
Interest expense 35,851 35,211 71,478 70,295
Collateral finance and securitization expense 5,258 2,591 11,329 5,160
Total benefits and expenses 2,416,550 2,532,485 4,753,038 4,990,218
Income before income taxes 213,790 300,535 397,915 499,975
Provision for income taxes 83,399 102,239 142,410 165,015
Net income $ 130,391 $ 198,296 $ 255,505 $ 334,960
Earnings per share:        
Basic earnings per share $ 1.97 $ 2.87 $ 3.80 $ 4.80
Diluted earnings per share 1.94 2.84 3.76 4.75
Dividends declared per share $ 0.33 $ 0.30 $ 0.66 $ 0.60