XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Net premiums $ 2,480,451 $ 2,346,945 $ 4,846,147 $ 4,503,950
Investment income, net of related expenses 518,538 507,666 1,032,902 924,932
Investment related gains (losses), net:        
Other-than-temporary impairments on fixed maturity securities (3,401) (846) (20,590) (34,663)
Other investment related gains (losses), net 59,696 119,110 137,408 32,041
Total investment related gains (losses), net 56,295 118,264 116,818 (2,622)
Other revenues 73,992 66,193 142,149 125,376
Total revenues 3,129,276 3,039,068 6,138,016 5,551,636
Benefits and Expenses:        
Claims and other policy benefits 2,164,363 1,997,502 4,270,508 3,884,266
Interest credited 115,285 95,849 222,969 183,754
Policy acquisition costs and other insurance expenses 319,832 405,681 699,221 639,444
Other operating expenses 154,356 159,895 312,862 317,319
Interest expense 29,352 20,331 71,754 53,138
Collateral finance and securitization expense 6,773 6,587 13,543 12,912
Total benefits and expenses 2,789,961 2,685,845 5,590,857 5,090,833
Income before income taxes 339,315 353,223 547,159 460,803
Provision for income taxes 107,125 117,120 169,457 148,228
Net income $ 232,190 $ 236,103 $ 377,702 $ 312,575
Earnings per share:        
Basic earnings per share $ 3.60 $ 3.68 $ 5.86 $ 4.86
Diluted earnings per share 3.54 3.64 5.76 4.81
Dividends declared per share $ 0.41 $ 0.37 $ 0.82 $ 0.74