XML 17 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Net premiums $ 2,594,460 $ 2,480,451 $ 5,177,011 $ 4,846,147
Investment income, net of related expenses 528,061 518,538 1,044,390 1,032,902
Investment related gains (losses), net:        
Other-than-temporary impairments on fixed maturity securities (3,350) (3,401) (3,350) (20,590)
Other investment related gains (losses), net (7,222) 59,696 (7,692) 137,408
Total investment related gains (losses), net (10,572) 56,295 (11,042) 116,818
Other revenues 83,959 73,992 159,256 142,149
Total revenues 3,195,908 3,129,276 6,369,615 6,138,016
Benefits and Expenses:        
Claims and other policy benefits 2,279,593 2,164,363 4,641,694 4,270,508
Interest credited 109,327 115,285 189,776 222,969
Policy acquisition costs and other insurance expenses 320,276 319,832 677,178 699,221
Other operating expenses 194,959 154,356 386,233 312,862
Interest expense 37,025 29,352 74,479 71,754
Collateral finance and securitization expense 7,440 6,773 15,042 13,543
Total benefits and expenses 2,948,620 2,789,961 5,984,402 5,590,857
Income before income taxes 247,288 339,315 385,213 547,159
Provision for income taxes 42,914 107,125 80,609 169,457
Net income $ 204,374 $ 232,190 $ 304,604 $ 377,702
Earnings per share:        
Basic earnings per share $ 3.19 $ 3.60 $ 4.74 $ 5.86
Diluted earnings per share 3.13 3.54 4.65 5.76
Dividends declared per share $ 0.50 $ 0.41 $ 1.00 $ 0.82