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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Net premiums $ 2,763,786 $ 2,594,460 $ 5,501,599 $ 5,177,011
Investment income, net of related expenses 584,078 528,061 1,163,955 1,044,390
Investment related gains (losses), net:        
Other-than-temporary impairments on fixed maturity securities 0 (3,350) (9,453) (3,350)
Other investment related gains (losses), net 12,472 (7,222) 29,713 (7,692)
Total investment related gains (losses), net 12,472 (10,572) 20,260 (11,042)
Other revenues 107,072 83,959 201,625 159,256
Total revenues 3,467,408 3,195,908 6,887,439 6,369,615
Benefits and Expenses:        
Claims and other policy benefits 2,515,211 2,279,593 5,023,535 4,641,694
Interest credited 157,842 109,327 291,031 189,776
Policy acquisition costs and other insurance expenses 260,345 320,276 572,226 677,178
Other operating expenses 223,499 194,959 424,982 386,233
Interest expense 43,283 37,025 83,456 74,479
Collateral finance and securitization expense 7,151 7,440 15,568 15,042
Total benefits and expenses 3,207,331 2,948,620 6,410,798 5,984,402
Income before income taxes 260,077 247,288 476,641 385,213
Provision for income taxes 57,379 42,914 104,436 80,609
Net income $ 202,698 $ 204,374 $ 372,205 $ 304,604
Earnings per share:        
Basic earnings per share $ 3.23 $ 3.19 $ 5.93 $ 4.74
Diluted earnings per share $ 3.18 $ 3.13 $ 5.83 $ 4.65