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Selected Quarterly Financial Data
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data
Selected Quarterly Financial Data
The unaudited selected quarterly financial data is shown below (in thousands, except per share data):
 
 
Three months ended
 
 
March 31,
 
June 30,
 
September 30,
 
December 31,
 
 
2018
 
2017
 
2018
 
2017
 
2018
 
2017
 
2018
 
2017*
Total premiums and other revenues
 
$
803,375

 
$
779,797

 
$
952,071

 
$
834,093

 
$
1,052,236

 
$
872,750

 
$
518,700

 
$
924,360

Total benefits, losses and expenses
 
782,591

 
735,139

 
850,796

 
791,595

 
868,969

 
779,806

 
682,868

 
776,114

Income (loss) before federal income tax and other items
 
20,784

 
44,658

 
101,275

 
42,498

 
183,267

 
92,944

 
(164,168
)
 
148,246

Total provision (benefit) for federal income taxes*
 
1,189

 
13,735

 
21,957

 
13,524

 
19,219

 
37,183

 
(40,920
)
 
(157,437
)
Equity in earnings of unconsolidated affiliates
 
(545
)
 
9,500

 
6,421

 
12,313

 
13,029

 
22,387

 
2,376

 
42,474

Other components of net periodic pension benefit (costs), net of tax
 
(792
)
 
(1,232
)
 
(1,677
)
 
(5,588
)
 
(1,236
)
 
(1,545
)
 
3,133

 
(4,043
)
Net income (loss)*
 
18,258

 
39,191

 
84,062

 
35,699

 
175,841

 
76,603

 
(117,739
)
 
344,114

Net income (loss) attributable to noncontrolling interest, net of tax
 
(519
)
 
(649
)
 
(77
)
 
(260
)
 
2,377

 
3,334

 
(354
)
 
(469
)
Net income (loss) attributable to American National*
 
$
18,777

 
$
39,840

 
$
84,139

 
$
35,959

 
$
173,464

 
$
73,269

 
$
(117,385
)
 
$
344,583

Earnings (loss) per share attributable to American National*
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.70

 
$
1.48

 
$
3.13

 
$
1.34

 
$
6.45

 
$
2.72

 
$
(4.37
)
 
$
12.81

Diluted
 
0.70

 
1.48

 
3.12

 
1.33

 
6.44

 
2.72

 
(4.37
)
 
12.78

*
The fourth quarter of 2017 includes the impact of the U. S. Tax Cut and Jobs Act ("Tax Reform") of $206.4 million, in Q4 of 2017 primarily due to the remeasurement of our deferred tax balances to the new 21% corporate income tax rate. Excluding the impact of Tax Reform, the Company’s net income for the three months ended December 31, 2017 would have been $138.2 million and net earnings per basic and diluted share of $5.14 and $5.12, respectively.