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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Premiums        
Life $ 86,087 $ 84,595 $ 172,555 $ 165,971
Annuity 56,222 67,228 96,129 137,844
Health 42,224 48,870 80,905 89,885
Property and casualty 371,739 360,047 742,920 712,020
Other policy revenues 75,146 71,138 149,394 142,477
Net investment income 257,730 246,741 550,076 455,410
Net realized investment gains (losses) (2,937) 5,007 10 6,051
Other-than-temporary impairments 6,968 0 6,968 0
Net gains on equity securities 67,060 57,162 273,437 23,992
Other income 10,374 11,283 21,912 21,796
Total premiums and other revenues 956,677 952,071 2,080,370 1,755,446
Policyholder benefits        
Life 104,462 96,958 213,927 195,504
Annuity 72,788 82,103 131,549 166,849
Claims incurred        
Health 26,708 32,310 52,475 60,450
Property and casualty 271,608 280,126 509,752 522,616
Interest credited to policyholders’ account balances 123,687 105,731 264,921 176,276
Commissions for acquiring and servicing policies 141,295 149,737 279,940 294,433
Other operating expenses 129,533 123,947 263,143 254,341
Change in deferred policy acquisition costs (17,308) (20,116) (23,939) (37,082)
Total benefits, losses and expenses 852,773 850,796 1,691,768 1,633,387
Income before federal income tax and other items 103,904 101,275 388,602 122,059
Less: Provision for federal income taxes        
Current 14,231 15,638 28,011 13,533
Deferred 7,717 6,319 61,314 9,613
Total provision for federal income taxes 21,948 21,957 89,325 23,146
Income after federal income tax 81,956 79,318 299,277 98,913
Equity in earnings of unconsolidated affiliates 16,790 6,421 57,250 5,876
Other components of net periodic pension costs, net of tax (871) (1,677) (1,785) (2,469)
Net income 97,875 84,062 354,742 102,320
Less: Net loss attributable to noncontrolling interest, net of tax (965) (77) (2,315) (596)
Net income attributable to American National $ 98,840 $ 84,139 $ 357,057 $ 102,916
Earnings per share        
Basic (in usd per share) $ 3.68 $ 3.13 $ 13.28 $ 3.83
Diluted (in usd per share) 3.67 3.12 13.28 3.82
Cash dividends to common stockholders (in usd per share) $ 0.82 $ 0.82 $ 1.64 $ 1.64
Weighted average common shares outstanding (in shares) 26,881,700 26,883,276 26,883,699 26,886,196
Weighted average common shares outstanding and dilutive potential common shares (in shares) 26,888,964 26,910,257 26,889,936 26,933,123