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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues      
Net premiums $ 9,841,130 $ 9,248,871 $ 8,570,741
Investment income, net of related expenses 2,154,651 1,911,886 1,734,495
Investment related gains (losses), net:      
Other-than-temporary impairments on fixed maturity securities (42,639) (38,805) (57,380)
Other-than-temporary impairments on fixed maturity securities transferred to other comprehensive income 0 74 0
Other investment related gains (losses), net 210,519 132,926 (107,370)
Total investment related gains (losses), net 167,880 94,195 (164,750)
Other revenues 352,108 266,559 277,692
Total revenues 12,515,769 11,521,511 10,418,178
Benefits and expenses      
Claims and other policy benefits 8,518,917 7,993,375 7,489,382
Interest credited 502,040 364,691 336,964
Policy acquisition costs and other insurance expenses 1,466,646 1,310,540 1,127,486
Other operating expenses 710,690 645,509 554,044
Interest expense 146,025 137,623 142,863
Collateral finance and securitization expense 28,636 25,827 22,644
Total benefits and expenses 11,372,954 10,477,565 9,673,383
Income before income taxes 1,142,815 1,043,946 744,795
Provision for income taxes (679,366) 342,503 242,629
Net income $ 1,822,181 $ 701,443 $ 502,166
Earnings per share      
Basic earnings per share (in dollars per share) $ 28.28 $ 10.91 $ 7.55
Diluted earnings per share (in dollars per share) 27.71 10.79 7.46
Dividends declared per share $ 1.82 $ 1.56 $ 1.40