XML 72 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenues:    
Net premiums $ 2,100,637 $ 1,979,693
Investment income, net of related expenses 404,375 425,131
Investment related gains (losses), net:    
Other-than-temporary impairments on fixed maturity securities (303) (202)
Other-than-temporary impairments on fixed maturity securities transferred to (from) accumulated other comprehensive income 0 0
Other investment related gains (losses), net 84,874 94,573
Total investment related gains (losses), net 84,571 94,371
Other revenues 67,590 101,907
Total revenues 2,657,173 2,601,102
Benefits and Expenses:    
Claims and other policy benefits 1,843,677 1,688,910
Interest credited 110,594 125,483
Policy acquisition costs and other insurance expenses 354,873 357,357
Other operating expenses 110,936 119,501
Interest expense 35,084 28,486
Collateral finance facility expense 2,569 2,538
Total benefits and expenses 2,457,733 2,322,275
Income before income taxes 199,440 278,827
Provision for income taxes 62,776 93,292
Net income $ 136,664 $ 185,535
Earnings per share:    
Basic earnings per share $ 1.94 $ 2.51
Diluted earnings per share $ 1.92 $ 2.49
Dividends declared per share $ 0.30 $ 0.24