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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Premiums        
Other policy revenues $ 76,784 $ 70,840 $ 226,178 $ 213,317
Net investment income 246,620 285,532 796,696 740,942
Net realized investment gains (losses) 31,933 (1,276) 31,943 4,775
Other-than-temporary impairments 0 0 (6,968) 0
Net gains on equity securities 8,589 126,495 282,026 150,487
Other income 10,730 12,177 32,642 33,973
Total premiums and other revenues 932,500 1,052,236 3,012,870 2,807,682
Policyholder benefits        
Life 113,652 119,816 327,579 315,320
Annuity 59,699 64,153 191,248 231,002
Claims incurred        
Health 28,567 29,751 81,042 90,201
Property and casualty 280,695 272,885 790,447 795,501
Interest credited to policyholders’ account balances 106,782 133,418 371,703 309,694
Commissions for acquiring and servicing policies 128,689 138,979 408,629 433,412
Other operating expenses 128,502 118,761 391,645 373,102
Change in deferred policy acquisition costs 1,548 (8,794) (22,391) (45,876)
Total benefits, losses and expenses 848,134 868,969 2,539,902 2,502,356
Income before federal income tax and other items 84,366 183,267 472,968 305,326
Less: Provision (benefit) for federal income taxes        
Current 4,433 (39,937) 32,444 (26,404)
Deferred 18,042 59,156 79,356 68,769
Total provision for federal income taxes 22,475 19,219 111,800 42,365
Income after federal income tax 61,891 164,048 361,168 262,961
Equity in earnings of unconsolidated affiliates 45,075 13,029 102,325 18,905
Other components of net periodic pension costs, net of tax (1,023) (1,236) (2,808) (3,705)
Net income 105,943 175,841 460,685 278,161
Less: Net income attributable to noncontrolling interest, net of tax 13,759 2,377 11,444 1,781
Net income attributable to American National $ 92,184 $ 173,464 $ 449,241 $ 276,380
Earnings per share        
Basic (in usd per share) $ 3.43 $ 6.45 $ 16.71 $ 10.28
Diluted (in usd per share) 3.43 6.44 16.71 10.26
Cash dividends to common stockholders (in usd per share) $ 0.82 $ 0.82 $ 2.46 $ 2.46
Weighted average common shares outstanding (in shares) 26,881,700 26,886,498 26,883,025 26,886,299
Weighted average common shares outstanding and dilutive potential common shares (in shares) 26,888,172 26,893,013 26,889,338 26,923,540
Life        
Premiums        
Revenue $ 93,079 $ 91,176 $ 265,634 $ 257,147
Annuity        
Premiums        
Revenue 41,305 47,296 137,434 185,140
Health        
Premiums        
Revenue 40,676 45,154 121,581 135,039
Property and casualty        
Premiums        
Revenue $ 382,784 $ 374,842 $ 1,125,704 $ 1,086,862